Declines on TASE in Wake of Terror Attacks

Leading indicators for the Tel Aviv Stock Exchange were down at the close of trading Sunday following a wave of terror attacks in the country over the last 24 hours. The TA-25 index droped 1.3 percent to 421 points, the TA-100 declined 1.1 percent as did the TA-75. Similar to other Sundays, turnover was a relatively low NIS 158 million.

There is no foreign currency trading on Sundays because of most markets are closed over the weekend, so the TASE options market is practically the only indicator for the exchange rate. According to options trading Sunday, the dollar is forecast to rise to NIS 4.70, a decrease of 0.7 percent on the representative trade rate set on Friday. Options trading was lively with more than 48,000 options exchanged.