Global gains send Tel Aviv Stock Exchange soaring

By GLOBES
October 16, 2011 12:55

The Tel Aviv Stock Exchange (TASE) rose sharply in morning trading Sunday, after a four-day weekend for the Succot holiday. The market received a strong boost by rallies on Wall Street and in European markets.

The opening was delayed because the Tel Aviv 25 Index was up over 2.5 percent in premarket trading. At midday, the Tel Aviv 25 Index was up 4% to 1,128 points and the Tel Aviv 100 Index was up 3.76% to 1,018 points.

Trading will end each day this week, at 2:25 pm, due to hol hamoed [the intermediary days of the holiday], and it will also be a short trading week due to the Simhat Torah holiday.


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