Harel becomes 'market maker'

Harel Investment House has agreed to issue "buy" and "sell" orders, increasing the negotiability of stock in Unitronics.

By DANIEL KENNEMER
February 23, 2006 06:48
unitronics logo 88

unitronics logo 88. (photo credit: )

Harel Investment House has agreed to issue "buy" and "sell" orders, increasing the negotiability of stock in Unitronics, a maker of industrial automation products that is listed on both the Tel Aviv Stock Exchange and the Euronext bourse in Brussels. Harel said Wednesday this was its first such agreement and that it was in contacts toward becoming a market maker for other companies as well. According to Harel CEO Gil Hod, the investment house intends to be a key player in the burgeoning field. The Knesset Finance Committee finalized legislation advanced by the Israel Securities Authority to enable market making in late 2003, allowing it to begin in March 2004.


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