The financial market in Iceland 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 financial market in Iceland revealed the continuation of working hours announced for all listed securities.
The Icelandic financial market confirmed, in an official statement this morning, its ability to access all its operational systems and implement market operations at all times and enable market participants to conduct their business normally.
In this regard, an official source at the Ministry of Interior in Iceland revealed, yesterday evening, Monday, a curfew 24 hours a day in a number of Icelandic cities, including Akureyri, AlphaTens, and others.
Whereas, the market in Iceland in the past period has reduced 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 Icelandic financial market revealed in a statement posted on its website that the trading sessions are as follows:
The first session of the Icelandic stock market (opening auction): from 09:30 am to 10:00 am
The second session in the Icelandic stock market (open market - implementation): from 10:00 am to 01:00 pm
- The third session on the Icelandic stock market (closing auction): for listed securities from 01:00 PM to 01:10 PM
In the Icelandic stock market, debt instruments and ETFs are excluded.
- Fourth session in the Icelandic 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 Icelandic stock market (the market is closed): for listed securities from 01:20 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 Icelandic stock market on the Icelandic 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 Icelandic government has reassured all market participants of its ability to access all of its operating systems and implement 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 Iceland 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 last report revealed that Iceland's financial reserves are sufficient to cover Icelandic 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 an increase in time deposits by 6.6 percent over Yearly basis also until February.
It should be noted that the vital positive indicators at the present time within the Icelandic economy until the previous February, increased by 11.3% during the year, as banks ’liabilities on the public sector increased by 17.7% for the same period, while new mortgage loans provided by banks rose 142%.