According to the TASE regulations each stock has a minimum order size for regular trading. The size is a stock specific calculation of a minimal monetary value at the beginning of each month. Where the value for a stock in the TA-35 index is 5000 NIS and anything outside of this is 2’000.
When an order is rejected by the exchange you will receive the minimum size required by the exchange.
Example
- Minimum Size Calculation Example:
- Bank Leumi share's closing price is 1000 NIS on the 1st of the Month
- Min Size is 5000/1000 = 5
- Order Placement
- Successful order: 5 LEUMI Shares
- Unsuccessful order: 4 LEUMI Shares
In order to place an opening or closing orders during continuous trading you must input an order of at least 5 shares.
During the Opening and Closing Auction you may initiate any size limit order
For further information on the minimum order size please refer to
https://info.tase.co.il/Eng/trading/tradingphases/Pages/tradingcontinuous_phase.aspx
TASE Schedule in IST
| Mon-Thurs | Fri | |
| Pre-Opening start | 9:25 | 9:25 |
| Opening Auction start | 9:59-10:00 | 9:59-10:00 |
| Pre-closing phase | 17:14-17:15 | 13:34-13:35 |
| Closing trading phase | 17:24-17:25 | 13:44-13:45 |
| End of TAL trading phase | 17:30 | 13:50 |