Show me an example Israel Real Estate News: Real estate stocks fuel powerful rally in Tel Aviv

Thursday, August 06, 2009

Real estate stocks fuel powerful rally in Tel Aviv

Tel Aviv stocks opened the trading week with a bang, powering north on unusually high turnover for a Sunday. To inject a moment of sobriety, the leading Tel Aviv indices had fallen so far last year that the gains in 2009 haven't fully compensated for the losses.

The TA-25 index is still 22% below its all-time high, for example. The Real Estate-15 index, which has gained 130% this year, is still 65% below its peak.

Yesterday the TA-25 index gained 1.9% to 968 points and the broader TA-100 index advanced by 2.1% to close at 904 points. The Real Estate-15 index gained 4.5%