Daily Israel Report
16:25
Reported

News Brief

  4/8/2012, Nisan 16, 5772

Tel Aviv Stocks Down in Mixed Low Trading


Losers outnumbered gainers in mixed trading on a holiday-shortened opening to the trading week at the Tel Aviv Stock Exchange. With volume below the usual Sunday lows, with Israeli traders generally the only ones involved, the TA Composite index closed at 1,036.77, down .49 percent, while the the TA 100 declined .52 percent to 1,048.01, including a seven-tenths of a percent drop to 1,136.85 by the Maof 25 most-widely-invested issues.

Worst hit were the communications and media stocks, which fell 1.2 percent to 607.63, followed by the biomed index, which finished the day at 755.98, down 1.19 percent, while the rest of the technology issues rose .29 percent to 326.08. The real estate stocks led the gainers, closing at 300.78, up .53 percent, followed by the oil and natural gas index, which advanced .42 percent to 1,269.44. The insurance issues closed at 1,090.05, up .31 percent, as the financial institutions declined .37 percent to 952.27, most of the losses as a result of a .95 percent decline by the bank stocks to 1,024.29.