Market Report/ Lapid-prompted sell-off accounts for fifth of day’s trading
Following the finance minister’s announcement that he would oppose the sale of Israel Corporation’s Stake in Israel Chemicals, shares in both companies plummeted.
The trading day on the Tel Aviv Stock Exchange Wednesday started well following gains on Asian exchanges earlier in the day and positive news on Wall Street Tuesday. Share prices in Tel Aviv were 0.6% higher on the whole in early trading but were then dampened on news that Israel Finance Minister Yair Lapid would be convening a committee to take another look at the state's take in the exploitation of the...
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