Subscribe to Print Edition | Fri., October 31, 2008 Cheshvan 2, 5769 | | Israel Time: 03:34 (EST+7) web haaretz.com   Back to Homepage Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate U.S. election Travel Week's End Anglo File

Tel Aviv stocks gain ground as European markets rally By Nathan Sheva Tags: Israel News, stocks, Tel Aviv Tel Aviv stocks gained ground yesterday for the first time this week, as European stocks spiraled up in a dramatic rally and Asian equities bounced north. Over here the TA-25 index added a more modest 2.1% to end at 723 points. The TA-100 index rose by 2.2% to 643 points and the TelTech-15 index climbed 2.2% to 145 points. Total turnover was normal at NIS 1.8 billion. As has become the norm, trading was tumultuous. Equities rose by as much as 4%, only to retreat again. For most of the day blue chips were ahead by 1% to 2.5% as players prepared for options on the TA-25 index to expire this morning. Shares of Bank Leumi fell against the trend, ending 1.7% lower on turnover of NIS 114 million after the bank released an earnings warning naked of figure but stark in descriptiveness. The collapse of Lehman Bros, Washington Mutual and of asset prices in general did badly by its third-quarter earnings, Leumi advised. The market had suspected as much: Bank Leumi stock sank 18% in the last few days. Evidently somebody was in the know ahead of the warning. Advertisement While on the banks, shares of Hapoalim eased down by 0.3%. Shares of potash producer Israel Chemicals leaped like impalas, rising 6% on the day's heaviest turnover - NIS 230 million. When ICL was seriously in favor among foreign investors, though, daily turnover could reach half a billion shekels. Anyway, another chemicals company, Makhteshim Agan, ended flat. Shares of Credit Suisse leaped like Alpine mountain goats, ending 10% higher - no, not here: in Switzerland. But that lifted Koor to a 2% gain on turnover of NIS 10 million. Koor owns a 3% stake in the Swiss bank. Just the day before, Koor's gains from Credit Suisse stock had all but vanished; yesterday they clawed back a bit. Koor is owned by Nochi Dankner's IDB group. The Real Estate-15 index had a volatile day but ended 3.3% higher. Lev Leviev's Africa Israel climbed 2% and its subsidiary Africa Israel Properties rose 10.2%. One company that crawled toward the light from deep in the doghouse by was Delek Automotive. It regained 11% after losing a quarter of its value in the last four days because of the yen's slump against the euro, and concern that a slowing local economy will translate into weaker sales of new cars. Delek Automotive's parent company Delek Group gained 4.8%. Another group company, Delek Real Estate run by Ilik Rozanski, rose by more than 6.7%. Bookmark to del.icio.us   Interview with a killer Yigal Amir describes how the idea to assassinate Yitzhak Rabin came about. Absentees for McCain Exit poll reveals U.S. absentee voters in Israel back McCain over Obama by 3-1.

Read & React Lieberman: Mubarak can 'go to hell'; Peres, Olmert apologize Responses: 152 Poll: Absentee voters in Israel back McCain over Obama by 3-1 Responses: 123 Meron Benvenisti: Peres Center training Palestinians to accept Jewish superiority Responses: 59 Barak cuts services to outposts in response to settler violence Responses: 77 Ari Shavit: The next government will not bring Israel to peace Responses: 52 More Headlines 02:33 Olmert intends to resume indirect talks with Syria 23:54 Report: Syria cuts diplomatic ties with Iraq over U.S. raid 02:16 UN watchdog: Iran holding secret tests to advance nuclear program 21:01 Survey: U.S. absentee voters in Israel back McCain over Obama by 3-1 22:41 Yigal Amir describes how idea to murder Rabin came about 00:15 Goering's grandniece seeks closure in Israel 03:20 Holocaust denier Irving reportedly considered for 'Celebrity Big Brother' 01:45 Government opposes law to fund therapy for child sex victims 18:23 Jewish delegate to Vatican: Pope ignored request to freeze Pius XII sainthood 20:44 UN Chief urges Hezbollah to turn from militia to political party 00:56 Hamas: Bomb explodes at Gaza police station, killing one 21:49 Police conclude Michael Fisher killed himself and his family 18:43 Israel sets Feburary 10 as date for general elections Previous Editions Select Day 30 oct 29 oct 28 oct 27 oct 26 oct 24 oct 23 oct 22 oct 21 oct 20 oct 19 oct 17 oct

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