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      Archive: 8/7/2011

      News Brief

        8/7/2011, Av 7, 5771

      TASE Trading Delayed Because of Major Losses

      The opening of trading on the Tel Aviv Stock Exchange has been postponed, due to initial drops in trading. TASE rules state that trading is to be halted when losses reach at least 6% of the indices' values. Orders collated to coincide with the beginning of trading showed a loss of 6% and more on nearly all shares, which would have been registered when trading opened.

      The exchange will be open when all trading information is collated, officials said.