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16:51
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News Brief

  1/29/2012, Shevat 5, 5772

Modest to Sharp Losses for Tel Aviv Stocks


Most of the indices on the Tel Aviv Stock Exchange posted modest to sharp losses at the end of trading on Sunday. The TA composite index declined .92 percent to 1,005.85, while the TA 100 finished the first day of the trading week at 1,015.20, down .89 percent, including a .89 percent drop to 1,120.80 by the Maof 25 most-widely-invested issues.

The only index to show a gain was the banking index, which rose .07 percent to 1,010.40, as the financial insitutions fell three tenths of a percent to 922.60, including a 1.37 decline to 1,041.31 by the insurance stocks. Worst hit were the communications issues, which fell 3.19 percent to 680.44. Most of the technology index closed with an average of 288.43, down .33 percent while the biomed issues declined .77 percent to 757.61. The real estate index finished the day at 279.72, down .62 percent, and the oil and natural gas stocks fell .63 percent to 1,285.63.