Today's Markets

By Barry Davidson
Monday 12 October 2009

Tel Aviv--Monday's trading was up on the Tel Aviv Stock Exchange (TASE). This comes at the same time when the Bank Of Israel (BOI) released a report today that the New Israeli Shekel (n.i.s.) gained 1.4% against the U.S. Dollar and 1.2% against the Euro on the foreign currency exchange (FOREX) markets.

The strongest indices were the Tel-Div 20 and the Estate-15.

The Tel-Div was up today 2.09%, closing at 1184.49.

The Estate-15 was up 3.92%, closing at 302.33.

By Barry Davidson
Sunday 11 October 2009

Tel Aviv--Sunday is always considered the start of the work week in Israel. Also, a new week always brings optimism.

But, today, optimism was not everywhere on Ahad HaAm Street today. That is because markets on the Tel Aviv Stock Exchange (TASE) closed mixed in active trading.

On such indicator, the TA-25 index, was down 0.51%, closing at 1029.36.

By Barry Davidson
Thursday 8 October 2009

Tel Aviv--Stock trading this week on Ahad HaAm Street is ending on a positive note.

That is because after a rocky week of mixed trading, highs and lows at the markets' close each day on the Tel Aviv Stock Exchange (TASE), Thursday's markets were generally up.

At the end of today's active trading, only three indices showed losses. The TA-75 index was down 0.40%, closing at 720.13. The Tel-Tech 15 was down 0.18%, closing at 222.81. The Tel - Div 20 index was down 0.12%, closing at 1,159.79.

By Barry Davidson
Wednesday 7 October 2009

Tel Aviv--Ahad HaAm was losing confidence today. This contradicted the positive energy of yesterday's trading.

That is because at the close of close of active trading today, the markets on the Tel Aviv Stock Exchange (TASE) were down. This despite that the Nasdaq yesterday was up.

Still high employment haunts the U.S. Fox News reported today that the unemployment in Detroit, the former capital of the crippled U.S. auto industry, was at least 28%. Fox news also stated that the number might be higher due to the number of people whom ceased looking for work. This coupled with what Fox News reporter Glenn Beck described on his news program yesterday, also on Fox U.S. news channel network, as a lack of economic policy of the Obama administration who is trying to drive the U.S. economy towards socialism.

By Barry Davidson
Tuesday 6 October 2009

Tel Aviv--It is on the rise and it is found on Ahad HaAm Street in Tel Aviv. This continues the upward trend on the Tel Aviv Stock Exchange (TASE) from yesterday.

Yesterday, the TA-25 index climbed above 1000, after falling during Sunday's trading. Today, the index was up 1.63%, closing at 1025.92.

This continued trend happened as the the Nasdaq continued to rise. Currently, at 21.45, Tel Aviv time, the Nasdaq is up 1.57% from yesterday, currently closing at 2100.63. The current time in New York City at the time of writing this article is 15.45. The Nasdaq closes trading at 16.00, New York Time.

By Barry Davidson
Monday, 5 October 2009

Tel Aviv--During the Succoth holiday, many Israel businesses are operating on a partial day schedule. The Tel Aviv Stock Exchange (TASE) is no exception.

According to the TASE website, trading on the TASE ceases at 14.45, during the Succoth Holiday.

The Succoth holiday, which began on 3 October, ends on Sunday, 11 October.

After the close of this holiday, the TASE will resume its normal market hours, from trading opening at 9.00, in the morning, and until closing at 16.30, which is in the afternoon.

By Barry Davidson
Monday 5 October 2009

Tel Aviv--Monday is a day of rebound and recovery in the both the U.S. 8and the Israeli stock markets.

This comes after a dismal trading close on Friday for the NYSE and the Nasdaq Markets in the U.S. Both markets closed down.

On Sunday the Tel Aviv Stock Exchange (TASE) was down. Yesterday, "Shekel News" reported that especially down at the markets's close on Ahad HaAm Street were Israeli housing and real estate investment stocks.

By Barry Davidson
Sunday 4 October 2009

Tel Aviv--Succoth is the fall Jewish holiday of booths. It is customary for Jews, on this holiday, to build a booth, called a Succah, in order eat, sleep and invite guests to enter into it.

But today, it seems that Ahad HaAm Street was not in a festive mood today. That is because, the Tel Aviv Stock Exchange (TASE) was down today. However, bonds trading was mixed today.

By Barry Davidson
Friday 2 October 2009

Tel Aviv--Israel might be considered an export dominant market. But one might not know this by looking at its major financial news and government ministry websites.

"Shekel News" analysed many of the major Israeli websites that deal with the Tel Aviv Stock Exchange and monetary regulation. The discovery that surfaced was that although most of the websites were updated in Hebrew frequently, many of the sites were not made current in English.

This is significant because without proper information in English, many foreign investors who do not have knowledge of Hebrew miss out on Israeli investment oportunities and local market knowledge.

According to the CIA World Factbook, the official Israeli goverment languages are English, Arabic and Hebrew.

By Barry Davidson
Thursday 1 October 2009

Tel Aviv--While many people have said that the U.S. economy has a direct influence on the trading volume that passes each market day on Ahad HaAm Street, there was a surprise for all.

While the U.S. markets at the end of today's market trading, those on the Tel Aviv Stock Exchange (TASE) were up.

Today on the U.S. markets, the Nasdaq market was down by 2.51%, closing at 2069.12. On this market stocks offered by smaller companies, historically called "penny stocks" are traded. And with the shaky U.S. economy, such companies today showed that this market is certainly risky with loss of trader confidence that make losses certain.