Monday, March 23, 2009

Israel stocks rise; rate cut, U.S. bank plan in focus

Posted in by Illuminated One | Edit
Israel stocks rise; rate cut, U.S. bank plan in focus

TEL AVIV (MarketWatch) -- Stocks advanced Monday in Israel, with investors and analysts assessing details of the U.S. government program for disposing of banks' toxic assets plan and awaiting an interest-rate call from the Bank of Israel.
Banks and the broader financial sector performed particularly strongly, as did real estate stocks.
The Tel Aviv Stock Exchange's benchmark TA-25 Index closed 1.9% higher at 694.48, while the TA-100 Index (XX:1884407: news , chart , profile ) advanced more than 2.3% to 631.49.

SOURCE: MARKET WATCH

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