Market Report Tel Aviv Shares Extend Gains on U.S. Economic Data

El Al Airlines climbs 8.2% on reports that Israeli-American entertainment entrepreneur Haim Saban might buy a controlling stake.

Tel Aviv shares rose for a second session Monday as global stock markets hit record highs, underpinned by improving U.S. economic data that overshadowed a credit squeeze in China. The dollar, however, slumped against the shekel.