Daily roundup / Is Shelly poison for stocks?
Comverse cuts more staff, Ashdod oil refinery nets a major client and whence the quadruple turnover in ICL? Cherchez les foreigners.
The Shelly effect? If the Labor Party under Shelly Yacimovich joins the next governing coalition, Israeli stocks will take a hit, predict economists at the Excellence brokerage. That applies even if she joins a coalition headed by Benjamin Netanyahu, who is widely expected to win today's election. Why the down on Shelly? Historic data shows the Israeli market smiles on left-center victories. But...
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