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      Archive: 10/7/2008
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      18:04
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      News Brief

        10/7/2008, Tishrei 8, 5769

      Israeli Markets Respond Well to Bank Interest Drop


      The Maof index registered a 4% drop, but the Tel Tech strengthened by 5.9%. Real Estate stock values rose 12.6 %.

      The positive movement in the capital market resulted from Bank of Israel (BOI) Governor Dr. Stanley Fischer's surprise decision to lower the prime interest rate by half a percent.