Daily Israel Report
10:44
Reported

News Brief

  1/1/2013, Tevet 19, 5773

Moderate to Sharp Gains for Tel Aviv Stocks


Following the tenative agreement to avoid the "fiscal cliff" in the United States, the Tel Aviv Stock Exchange opened Tuesday-morning trading with moderate to sharp gains. About 40 minutes into the session, the TA Composite Index stood at 1,060.43, up 1.56 percent, while the TA 100 climbed 1.59 percent to 1,065.79, including a one-and-a-half percent gain by the 25 most-widely-invested issues to 1,203.38. The 50 stocks just outside the TA 100 stood at 425.01, up 1.47 percent.

Leading the gainers was the bank index, which jumped 2.23 percent to 1,163.00 as the financial institutions stood at 1,096.70, up 2.1 percent, including a 2.02-percent advance to 1,233.85 by the insurance issues. The Ma'ala organization's index of socially-responsible companies rose 1.96 percent to 886.01, followed by the real-estate stocks, which stood at 310.65, up 1.95 percent. The oil and natural-gas index climbed 1.4 percent to 1,155.50, followed by most of the technology issues, which stood at 329.40, up 1.29 percent, and the biomed stocks, which gained 1.11 percent to 786.84. The communications index stood at 515.09, up 1.1 percent.