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Saturday, February 28, 2009

Israel stocks lower; analyst sees bank problems

Israel stocks were weaker on Thursday as an analyst warned of severe problems at the country's banks, a couple of bold-face names in technology declined, and press reports indicated that the country's next government could be formed and led by the right-wing Likud Party.

Late in the trading day, the Tel Aviv Stock Exchange's benchmark TA-25 Index fell 0.4% to 688.6, while the TA-100 Index (XX:1884407: news , chart , profile ) rose 0.12% to 630.59.