10:06
Reported

News Brief

  11/28/2011, Kislev 2, 5772

TA Stocks Off to Positive Start


Most of the indices on the Tel Aviv Stock Exchange posted modest to moderate gains at the start of trading Monday, following a late rally Sunday, prompted by what Globes called reports that the International Monetary Fund has put together an assistance package for Italy. The TA composite index rose six tenths of a percent to 932.78, as the TA 100 posted an opening of 943.36, up .64 percent, including a rise of .47 percent by the Maof 25 most-widely-invested issues to 1,040.74. The social concern index of the Ma'ala organization rose .64 percent to 791.75.

Leading the gainers were the real estate stocks at 267.91, up 1.52 percent, followed by the communications companies, which rose 1.21 percent to 770.91. The oil and natural gas index checked in at 1,144.85, up 1.19 percent, and the Blue Tech index rose .88 percent to 260.37, including a 697.15 posting by the biomed issues, up .49 percent. With the insurance companies rising .53 percent to 952.43, the financial institutions index rose a quarter of a percent to 828.18.