16:54
Reported

News Brief

  12/29/2011, Tevet 3, 5772

Moderate to Sharp Losses for Tel Aviv Stocks


The major indices on the Tel Aviv Stock Exchange reported moderate to sharp losses on Thursday. The TA composite index fell 2.02 percent to 969.49, while the TA 100 closed at 978.49, down 2.07 percent, including a 2.49 percent drop by the Maof 25 most-widely-invested issues.

Worst hit were the bank stocks, which declined 2.85 percent to 925.95, as the financial institutions fell 2.01 percent to 872.43, including a .87 percent drop by the insurance index to 1,032.78. The communications issues fell 2.48 percent to 756.59. With most of the technology stocks falling 1.34 percent to 273.81, the biomed index closed at 708.20, down .83 percent. The oil and natural gas index declined .86 percent to 1,152.48, while the real-estate index finished the trading week at 267.13, down .58 percent for the day.