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      Archive: 10/18/2012
      17:38
      Reported

      News Brief

        10/18/2012, Cheshvan 2, 5773

      Moderate Losses for Tel Aviv Stocks


      Most of the indices on the Tel Aviv Stock Exchange posted modest to sharp losses to close out the trading week on Thursday. The TA Composite Index finished the day at 1,070.79, down 1.1 percent, while the TA 100 slumped 1.26 percent to 1,079.03, including a 1.32-percent decline to 1,217.26 by the Maof 25 most-widely-invested issues. The 50 stocks just outside the TA 100 climbed 1.07 percent to 403.91.

      The bright spot was the biomed index, which jumped 2.63 percent to 794.10, which was almost offset by the rest of the technology issues, which declined 2.32 percent to 348.04. The other positive note was struck by the oil and natural-gas stocks, which rose a fifth of a percent to 1,089.73. Worst hit was the insurance index, which fell 2.56 percent to 1,036.76 as the financial institutions closed at 976.54, down four fifths of a percent, including a .14-percent slip by the bank issues. The real-estate stocks finished the day at 282.16, down .83 percent, while the communications and media index declined .12 percent to 518.13.