The head of Israel's market regulator last week voiced his concerns about the quality of stock market listings in the country.

Moshe Tery, chairman of the Israeli Security Authority, said in a newspaper interview he thought many Israeli floats were of "low quality". Tery's comments came less than two weeks after the London Stock Exchange agreed a memorandum of understanding with the Tel Aviv bourse, which is expected to lead to more trading of Israeli shares in the UK market.