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Wednesday, October 10, 2007

Real estate leads TASE to record high

The Tel Aviv Stock Exchange (TASE) closed up today. The Tel Aviv 25 Index gained 1.61% to 1,176.13 points; the Tel Aviv 100 Index added 1.67% to 1,146.48 points; while the Tel Tech Index gained 0.87% to 446.73 points. Turnover totaled NIS 2.088 billion.
No doubt if we had bet back in August, when the crisis was at its peak, that the markets would reach a new high immediately after the end of the holiday season, many people would fallen about lauhging. Today, less than two months after that crisis, the TASE, led by the much maligned real estate sector, has already reached a record high - an event which clearly illustrates the dynamism, or risk according to some, that now characterizes the markets.