Subscribe to Print Edition | Tue., August 26, 2008 Av 25, 5768 | | Israel Time: 01:23 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate Easy Start Travel Week's End Anglo File

TASE rises on 4.8% real-estate hike By Tal Levy The Tel Aviv Stock Exchange ended the week's first trading day ahead. The TA-24 climbed by 1% to 1,038 points, while the TA-100 index added 1.2% to close at almost 945 points. Turnover was sluggish, at NIS 1.15 billion. At press time the cabinet was still tussling over the 2009 draft state budget and how to cut it by an additional NIS 7 billion, with the treasury offering two options: Slash either the defense budget or social-welfare allocations. Advertisement If you don't want to bet on the budget vote, there's always the interest rate: The Bank of Israel will announce today whether it will be raising rates for September. Some investment houses wager that the high inflation - 3.5% from the start of the year and 4.8% over the past 12 months - will nudge the central bank into pushing up the rate by 0.25%, to 4.25%. Others, who believe the bank's decision to raise the rate for August despite the low consumer price index may have done the trick, are betting on a hiatus from all that heavy lifting. They think the rate will rise, but not this time around. Returning to Ahad Ha'am Street we find - surprise, surprise - that Israel Chemicals won the highest-turnover prize yesterday, but not in a good way: The share fell by 2.6% for a cumulative loss of 11% on the month, following last week's astonishing second-quarter report of revenues of $2.08 billion and net profit of $702 million. ICL's parent company, Israel Corporation, was pulled down by 0.97% in yesterday's slide. Alrov Real Estate, a subsidiary of Alfred Akirov's company Alrov, lost 1.62% after yesterday morning, reporting a 4% drop in second-quarter revenues and losses of NIS 17.4 million. The Real Estate-15 index, in contrast, added 4.8% yesterday, led by Kardan, Elbit Imaging and JEC. Bookmark to del.icio.us   Bad company Madonna draws ire for picturing John McCain near Hitler during a recent show. Raw energy An unemployed Israeli ecologist has a solution to the fuel crisis and global warming.

Read & React Gilad Shalit becomes punchline for jokes in the Gaza Strip Responses: 104 ANALYSIS / On verge of Rice visit, Israel and PA far from peace accord Responses: 28 Akiva Eldar: Let settlers who refuse evacuation in peace deal stay in Palestine Responses: 51 Israel not planning to detain activists' boats leaving Gaza Responses: 28 More Headlines 00:09 Obama: World must press Iran before Israel strikes 00:57 Abbas: No peace until all Palestinian prisoners released 18:21 Rice arrives in Israel in bid to push forward Israel-PA talks 23:03 Israel foiled the Gaza blockade-busting boat 'provocation' - but who gets the credit? 23:44 Barak puts Tel Aviv apartment up for sale for NIS 40 million 00:52 Hitler and McCain: Madonna's photo montage angers GOP presidential nominee 23:19 Can an unknown Israeli save the world from ecological disaster? 23:48 Israel to shut Gaza border crossings following Qassam strike 23:45 Gilad Shalit becomes punchline for jokes in the Gaza Strip 22:47 Mofaz slams Livni for supporting release of Palestinian prisoners 00:46 As convention kicks off, Democrats say U.S. Jews will overcome fears of Obama 20:47 Syrian FM: No headway made in negotiations with Israel 22:34 Israel Bank raises interest rate for second time in a month 22:25 Democratic Convention Notes: Meet Chinese Jewish candidate Hank Eng Previous Editions Select Day 25 aug 24 aug 22 aug 21 aug 20 aug 19 aug 18 aug 17 aug 15 aug 14 aug 13 aug 12 aug

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