Daily Israel Report
16:53
Reported

News Brief

  7/22/2012, Av 3, 5772

Moderate Losses for Tel Aviv Stocks


Most of the indices on the Tel Aviv Stock Exchange closed the first day of the trading week, Sunday, with losses ranging from modest to sharp on a low volume of trading. The TA Composite index declined .68 percent to 968.83, while the TA 100 finished the day at 976.46, down .73 percent, including a .59 percent decline by the Maof 25 most-widely-invested issues. The 50 stocks just under the TA 100 rose .33 percent to 350.58.

Worst hit was the communications and media index, which fell 2.13 percent to 376.13, followed by the real estate issues, which closed at 249.30, down 1.7 percent. The insurance stocks slumped 1.52 percent to 735.61 as the financial institutions finished the day at 727.98, down 1.16 percent, including a .81 percent drop to 812.25 by the bank stocks. The oil and natural gas index closed at 996.36, down 1.04 percent, followed by most of the technology issues, which declined .88 percent to 355.71. The biotech stocks provided the lone bright spot, gaining 1.29 percent to close at 735.46.