Archive: 3/3/2014
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  3/3/2014, Adar Bet 1, 5774

Tel Aviv Stocks Down Slightly at the Start


Most of the indices on the Tel Aviv Stock Exchange opened Monday-morning trading with modest losses, reflecting the mood of international traders following Friday's tough day on Wall Street. About 45 minutes into the session, the TA Composite Index stood at 1,253.80, down .45 percent from Sunday's close, while the TA 100 declined .48 percent to 1,250.53, including a drop of .34 percent to 1,346.28 by the TA 25 most-widely-invested issues. The stocks outside the TA 100 stood at 1,091.22, down .22 percent.

The bright spot was the communications index, which rose a tenth of a percent to 737.08. Worst hit were the biomed issues, which stood at 1,166.14, down 1.04 percent, while the rest of the technology stocks lost .81 percent to 364.79. The bank index stood at 1,253.28, down .92 percent as the financial institutions fell .65 percent to 1,231.14, including a posting of 1,490.06, down .49 percent, by the insurance issues. The real-estate stocks slumped .73 percent to 387.38, while the oil and natural-gas index stood at 1,268.49, down .59 percent.