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Thursday, August 16, 2007

Tel Aviv Real Estate 15 Index lost 2.52% Today

Worries overseas sent most shares tumbling again, Africa-Israel led the decliners, shedding 2.59% on the back of the continuing weakness in its London-based subsidiary, AFI Development plc (LSE:AFID). The ongoing weakness in real estate stocks also continued to affect the Tel Aviv 75 Index, which fell 2.63% as it continued to be one of the most volatile of the market's indices, due to its substantial exposure to the real estate sector.