News Briefs

  10/9/2012, Tishrei 23, 5773

Tel Aviv Stocks Open on a Negative Note

Modest to moderate losses were recorded on most indices of the Tel Aviv Stock Exchange, Tuesday morning, as trading resumed, following the Sukkot-Shemini Atzeret/Simchat Torah holiday. About half an hour into the session the TA Composite Index stood at 1,067.63, down .68 percent, while the TA 100 declined .71 percent to 1,079.43, including a six tenths of one percent drop by the Maof 25 most-widely-invested issues.

On the positive side, the oil and natural-gas stocks climbed 1.33 percent to 1,051.58, followed by the communications and media index at 483.50, up nine tenths of a percent. The bank issues rose .13 percent to 1,030.32 as the financial institutions slipped a tenth of a percent to 918.29, including a 1.3-percent drop by the insurance stocks. The real-estate index declined .45 percent to 275.78, while the biomed issues stood at 762.52, down .61 percent, and the rest of the technology stocks slumped 1.79 percent to 356.55.