Daily Israel Report
10:34
Reported

News Brief

  4/22/2013, Iyar 12, 5773

Tel Aviv Stocks Open with Modest Gains


Following Sunday's modest losses in light Israeli trading, Monday's first day of international trading brought modest gains at the Tel Aviv Stock Exchange. About half an hour into the session, the TA Composite Index stood at 1,077.25, up .52 percent, while same percentage meant a posting of 1,077.70 for the TA 100, including a .54-percent gain to 1,209.87 by the TA 25 most-widely-invested issues. The stocks outside the TA 100 rose .48 percent to 919.12.

Leading the way was the bank index, which rose .67 percent to 1,114.43 as the financial institutions stood at 1,074.30, up .44 percent, including a .56-percent advance to 1,277.40 by the insurance issues. Most of the technology stocks stood at 307.51, while the biomed index rose .47 percent to 825.87. The communications issues stood at 572.69, up .21 percent, while the oil and natural-gas stocks rose a fifth of a percent to 1,115.66, and the real-estate index stood at 324.25, up a tenth of a percent.

El Al Israel Airlines, which fell 8.45 percent following the signing of the "open skies" agreement on Sunday, opened up with a gain of 2.64 percent.