Daily Israel Report
17:15
Reported

News Brief

  12/16/2012, Tevet 3, 5773

Moderate Losses for Tel Aviv Stocks


Losses ranging from modest to sharp were recorded at the end of the first trading day of the week, Sunday, on most of the indices of the Tel Aviv Stock Exchange. The TA Composite Index closed 1,067.74, down 1.13 percent from Thursday, while the TA 100 declined 1.08 percent to 1,071.17, including a .93-percent drop to 1,219.46 by the Maof 25 most-widely-invested issues. The 50 stocks outside the TA 100 fell 1.71 percent.

The lone bright spot was the oil and natural-gas index, which rose .27 percent to 1,174.18 and most of the technology stocks comprised the worst-hit sector, falling two percent to 336.39, while the biomed stocks finished the day at 829.75, down 1.02 percent. The communications and media stocks declined .97 percent to 528.56, followed by the insurance index, which closed at 1,129.75, down .89 percent, as the financial institutions fell eight tenths of a percent to 1,057.89, including a .17-percent slip by the bank issues. The real-estate stocks closed at 298.72, down .53 percent.