TASE Rises on Bullish Winds From Europe

El Al regained 7.1% after falling sharply earlier this week. The company has been in the middle of a firestorm amid the cabinet’s decision to push through the Open Skies agreement with Europe.

The Tel Aviv Stock Exchange closed Tuesday's trading session with gains despite morning losses in Asia and negative arbitrage gaps vis-a-vis Israeli stocks on Wall Street. Local shares were pulled upward by a strong positive trend in Europe that lasted throughout the day, amid traders’ anticipation that the Euro bloc would slice its interest rates.