Market Report Tel Aviv Ends Down in Heavy Trading

Lower global markets and a blow to the TASE hurt Israeli shares; starting next week, the exchange will stay open an hour later.

Israeli shares ended down on Thursday, depressed by lower global stock markets and the failure of the Tel Aviv Stock Exchange to gain admittance to the MSCI Europe Index for developed countries, a change that TASE CEO Ester Levanon said would have brought some $21 billion in foreign capital to the market.