Why is Israel's stock market sagging? Look close to home
Trading volumes are down, companies are delisting, prices are flat. The TASE’s troubles may be because the public is putting its money into homes.
If an alien crash-landed on Ahad Ha’am Street on Monday, he might have gotten the impression that the Tel Aviv Stock Exchange was a thriving stock market. IDI Insurance was fresh off a NIS 204 million initial public offering that was four times oversubscribed. The public tranche shares sold for NIS 77.80 each, nearly NIS 8 above the minimum.