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Monday, August 20, 2007

The Tel Aviv real estate stocks opened its trading week positive

The TASE had a strong start to the new trading week as expected, thanks to the u-turn on global markets at the end of last week triggered by the US Federal Reserve's board's willingness to help ease the credit crisis in the markets. The leading indices were traded in positive territory from the early hours of the morning, as real estate and second line stocks led the way with a strong upward correction. The real estate sector climbed 3.54%, Leading indices traded up: the TA-25 climbed 1.76% to 1,056.42 points, TA-100 rose 1.88% to 1,026.94 points and the Tel-Tech gained 2.87%.