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Last update - 15:52 17/03/2008 Tel Aviv stock exchange loses 9% of its value in 3 trading days By Natan Sheva and Dafna Maor Tags: foreign exchange, shekel  Heavy losses in share prices continued on Monday on the Tel Aviv Stock Exchange, which has lost 9 percent of its total value in three days of trading. In the same period, the bank shares index fell by 6.3 percent, the real estate index by 6 percent, the Tel Aviv 100 and Maof indices by 4 percent, and the Tel-Tech by 1.5 percent. An ongoing labor dispute involving stock exchange employees curtailed the trading day, which ended at 2:15 P.M. The dollar also declined sharply versus the shekel, falling 1.25 percent to trade at NIS 3.42 shekels to the dollar. The dollar strengthened somewhat at the end of last week, following intervention by the Bank of Israel, which purchased dollars in order to stave off further economic injury to exporters. Advertisement The Monday weakening of the dollar sparked speculation that the central bank would again intervene. On Thursday and Friday, Bank of Israel Governor Stanley Fischer ordered the bank to purchase about $600 million, in an attempt to stop the rise of the shekel against the American currency. The dollar rose 2.1% on Friday against the shekel, but last week was still down against the shekel 3.5% for the week. Bookmark to del.icio.us   Facebook face-off Settlers win right to list country as Israel, not Palestine. Shin Bet.com The covert agency has deployed a new weapon: the blog.   1.   Global credit Krach 16:19  |  Mark B. 17/03/08   2.   Investing 17:21  |  Damboviteanu 17/03/08   3.   Time to change partner 17:57  |  Akiva 17/03/08   4.   Great vision Akiva, but how about India as well? 18:46  |  Mark B. 17/03/08   5.   Like father like son 18:59  |  Sadiq M 17/03/08   6.   Akiva`s Right! 19:39  |  Montag 17/03/08   7.   That giant sucking sound 22:22  |  Mark Lincoln 17/03/08   8.   #3, Akiva, that means you don`t need the $2 bil + a year, right? 22:49  |  newageblues 17/03/08

Today Online Amir Oren: John McCain - For Israel, best of all candidates Responses: 1 Editorial: Facing pogrom by rightist Jews, police go limp Responses: 1 Slain Jihad leader's son: My entire family has turned Hezbollah Responses: 26 Haredi man lightly hurt in E. J`lem in apparent terror stabbing Send response Rosner's Domain From "Hussein" to "Murray" (WTR) Rosner's Mailbox: I used to believe that you just hated Hillary Jeremiah Wright: did Obama explain enough? If you marry them, you have a better chance of keeping them Poll: Is the "road map" still relevant? More Headlines 10:46 Man lightly hurt in East J`lem terror stabbing 10:49 Israeli stocks rebound after latest tumble, dollar does not 03:48 ANALYSIS: U.S. economy in crisis as it pays price for greed 09:21 Slain Jihad operative's son: My entire family has turned Hezbollah 09:26 Shin Bet mulls rightists' attack on yeshiva gunman's home 09:55 ANALYSIS: Bethlehem operation meant to send a clear message 07:15 McCain rep to Jews: Christian right a 'serious problem' 22:40 MKs seek pardon for Omri Sharon 'to sit at father's bedside' 01:59 Merkel offers 'tough, decisive' language on Iran nuke program 05:06 Women bring green revolution to Arab sector 10:00 Meretz set to hit polls in search of new leader to save party 01:21 Mazuz weighs indicting judge for fraud and breach of trust Previous Editions Select Day 17 mar 16 mar 14 mar 13 mar 12 mar 11 mar 10 mar 09 mar 07 mar 06 mar 05 mar 04 mar

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