Daily Israel Report
10:28
Reported

News Brief

  10/23/2012, Cheshvan 7, 5773

Modest to Moderate Losses for Tel Aviv Stocks at Start


Most of the featured indices on the Tel Aviv Stock Exchange opened Tuesday trading with modest to moderate losses. About half an hour into the session, the TA Composite Index stood at 1,054.32, down .63 percent, while the TA 100 declined .67 percent to 1,062.40, including a .69-percent drop to 1,199.18 by the Maof 25 most-widely-invested issues. The 50 stocks just outside the TA 100 edged up .03 percent to 395.33.

The oil and natural-gas index was the lone bright spot among the sectors, advancing .26 percent to 1,081.81. The real-estate issues slipped .09 percent to 282.14 and the biomed stocks stood at 776.82, down .15 percent, while the rest of the technology index fell .51 percent to 337.29. The bank issues stood at 1,072.07, down .38 percent as the financial institutions declined .67 percent to 966.85, including a 1.09-percent drop by the insurance stocks. The communications and media index stood at 522.47, down half a percent.