TA Stocks Make Quick Comeback


The Tel Aviv Stock Exchange was making an impressive recovery on Tuesday after the shocks of the previous days, Globes reported.

Shares climbed sharply in morning trading. The Tel Aviv 25 Index was up over 3% — comparable to the gains on markets in Western Europe — after losses of 7.5% over the past two days.

The rebound was general. But the big banks were making a notable comeback from the scary slide. Bank Hapoalim was up 3.75% and Bank Leumi was up 3.86%, which, after suffering staggering losses, gained 3.14%. Cellcom was up 5.61%.

Energy shares were higher, too, with the Oil and Gas index up 3.9% at 1,092.83. Tech shares turned sharply higher, with Allot Communications leading TA-100 stocks up on a 7.8% jump to trade at 19.90 shekels.

Corporate bond prices looked better too, with the Tel-Bond 20 index up 0.48%.

However, some were still hurting badly. Opko Health continued to slide, about 5.5% off.

Government bonds continued lower, with the 10-year shekel bond down 0.39%.

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