Australian stocks
Australian stocks

The financial market in Australia revealed the continuation of working hours announced for all securities to be from ten in the morning until one o'clock in the afternoon, starting today morning 8/8/1441 AH corresponding to 7/4/2020 AD.

In a related context, the Australian financial market revealed the continuation of working hours announced for all listed securities.

And the Australian financial market confirmed, in an official statement this morning, its ability to access all its operational systems, implement market operations at all times and enable market participants to conduct their business normally.

In this regard, an official source at the Home Office in Australia revealed, yesterday evening, Monday, a 24-hour curfew in a number of Australian cities, including Sydney, Melbourne, Perth, Canberra and other cities.

While the market in Australia has decreased recently in reducing the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock as of Thursday, March 26 last.

At that time, the Australian financial market revealed in a statement posted on its website that the trading sessions are as follows:

The first session of the Australian share market (opening auction): from 09:30 am to 10:00 am

The second session in the Australian stock market (open market - implementation): from 10:00 am to 01:00 pm

- The third session in the Australian stock market (auction closing): for listed securities from 01:00 PM to 01:10 PM

The Australian stock market excludes debt instruments and ETFs.

The fourth session in the Australian stock market (trading on the closing price): for all listed securities from 01:10 pm to 01:20 pm (except for debt instruments and ETFs).

Fifth session in the Australian stock market (the market is closed): for listed securities from 1:20 pm to 02:00 pm - (with the exception of debt instruments and indexes traded where it will be from 01:00 pm to 02:00 pm).

The Australian stock market on the Australian Stock Exchange confirmed the integrity of its systems and operational operations, as it always works to take all measures that would benefit the market and its dealers.

For its part, the Australian government has reassured all market participants of its ability to access all of its operating systems and execute market operations at all times.

On the other hand, an economic report revealed that the indicators at the present time confirm the cohesion of the economy in Australia in light of the circumstance afflicting the economy at the global level in light of the current global economic crisis because of the Corona virus that is spread in many countries of the world.

The latest report revealed that Australia's financial reserves are sufficient to cover Australian imports by four years (47 months), and the growth came as a result of a continuous rise in demand deposits, which increased by 9.5 percent from February 2019, in addition to a time deposits increase of 6.6 percent over Yearly basis also until February.

It should be noted that the vital positive indicators at the moment within the UAE economy until the previous February, increased by 11.3 per cent during the year, as banks ’liabilities on the public sector increased 17.7 per cent for the same period, while new mortgage loans provided by banks rose 142 per cent. .