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Friday, July 04, 2008

Tel Aviv suffers from real estate, tech weakness

Late in the trading day, the Tel Aviv Stock Exchange's benchmark TA-25 Index was down 1.41% at 1082.40, and the TA-100 Index shed 1.57% to 984.64.

The Tel-Tech Index of 15 top technology issues lost 3.43% to 220.20, and the Real Estate 15 Index gave up 2.3% to 444.07.

On Thursday, the TA-25 finished 2.17% down. The tumble followed woes on Wall Street Thursday and Friday, when the Dow Jones Industrial Average fell almost 4%, briefly nudging into bear-market territory on record oil prices and a slumping financial sector.