Most of the indices on the Tel Aviv Stock Exchange started Monday trading in a downward direction. About 20 minutes into the session, the TA Composite Index stood at 973.18, down .68 percent, while the TA 100 index declined .72 percent to 982.26, including an eight tenths of a percent drop to 1,071.76 by the Maof 25 most-widely-invested issues. The 50 stocks just outside the TA 100 rose .02 percent to 345.88.
Worst hit was the bank index, which fell 1.16 percent to 865.39, as the financial institutions stood at 792.92, down .96 percent, including a .21 percent decline to 864.28 by the insurance issues. The same percentage drop meant a 408.74 posting by the communications and media stocks. Most of the insurance index declined three quarters of a percent to 350.09, while the biomed issues stood at 692.00, down .07 percent. The real estate index slumped .65 percent to 265.50, while the oil and natural gas stocks stood at 1,091.56, down .11 percent.