Today's Markets

By Barry Davidson
Wednesday 30 September 2009

Tel Aviv--After showing strong gains in active trading in the past days, Ahad HaAm Street saw that excitement go sour.

The Tel Aviv Stock Exchange closed today, the last day of September 2009, with losses as active trading was down in its stock indicies.

It was only yesterday when the TA 25 closed above the 1000 mark at 1,015.95. Today it fell 2.04%, closing at 995.27.

By Barry Davidson
Tuesday 29 September 2009

Tel Aviv--The Space Communication Ltd, of Ramat Gan, entered today into an agreement for use of a sattlelite that is used to communications in Africa according to its announcement to the Tel Aviv Stock Exchange (TASE). The cost of this usage, according to a release today on the TASE, 45 miilion dollar (U.S.)

But, according to its report that is attached to the release, Space Communication did not close the agreement as of yet. Also, it does not mention in its release the name of the company with which it will enter into an agreement for use of the said sattlelite.

In its release, Space Communication, which also operates in Israel as Amos by Spacecom, calls the partner company, a "foreign company".

By Barry Davidson
Tuesday 29 September 2009

Tel Aviv--Today on Ahad HaAm Street, the Tel Aviv Stock Exchange (TASE) announced in a market release that Gaon Trade changed its name to Meitav Brokerage Services, and it will trade under that name.

But, apparently, the TASE did not convey the full story.

Gaon Trade is merging with Meitav Brokerage Services. As part of the merger, Meitav is absorbing Gaon's services and customers. As a result of the merger, the Gaon company name will be no longer be used.

By Barry Davidson
Tuesday 29 September 2009

Tel Aviv--Strong gains in the bonds and stock markets were felt today in trading on Ahad HaAm Street. This shows that the markets are reacting favorably to Thursday's announcement by Bank Of Israel Governor Professor Stanley Fisher to not raise the national interest rate in October.

It was reported on Thursday, 25 September 2009, in "Shekel News" that Gov. Fisher announced that the interest rate will remain at the 0.75% level so to help spur Israeli economic growth.

By Barry Davidson
Sunday 27 September 2009

Tel Aviv--The markets on Ahad HaAm Street are closed today and tommorrow due to the Yom Kippur fast, which is part of the Jewish High Holy holidays.

The Tel Aviv Stock Exchange (TASE) will resume trading on Tuesday, 29 September 2009. Stock purchases and trading will resume on that day as well. In addition sales on the Israeli bonds market will resume also.

By Barry Davidson
Thursday 24 September 2009

Today the markets on the Tel Aviv Stock Exchange were up. This includes the the General index which was down yesterday.

At the start of today's trading, the markets traded down. But regained positive trading momentum at the close of the markets.

One of the factors might have been Bank of Israel Governor Stanley Fisher, who today decided to not raise the bank's key interest rate. The current interest rate is 0.75%. Gov. Fisher maintained that this move would help spur recovery in Israel's economy.

By Barry Davidson
Wednesday 23 September 2009

Tel Aviv--Today the markets rose on Ahad HaAm Street. But not like yesterday.

Although the stock markets were all up at the close of yesterday's trading at the Tel Aviv Stock Exchange (TASE), today the General index closed down 0.23%.

One such worse performer on the General index was Itgi Medical of Or Akiva. Its main business focus is It was down 12.33% at the end of today's close.

By Barry Davidson
22 September 2009

Tel Aviv--Today, there was optimism on Ahad HaAm Street. This positive attitude was evident at the close of the markets on the Tel Aviv Stock Exchange (TASE).

This positive attitude come at a time when Prime Minister (PM) Benyamin Netanyahu announced in Washington, D.C. yesterday that settlement activity will continue in the Judea and Sumaria regions. This despite a request by U.S. President Barak Obama that PM Netanyahu end settlement activity.

By Barry Davidson
Wednesday 16 September 2009

Tel Aviv--Is the Israeli economy showing signs of recovery? Perhaps, if you consider that today there was optimism on Ahad HaAm Street.

Today's trading of stocks on the Tel Aviv Stock Exchange (TASE) was up for the second day in a row.

By Barry Davidson
Tuesday 15 September 2009

Tel Aviv -- The markets on Ahad HaAm Street are showing recovery. For two days of negative performance, the stocks on the Tel Aviv Stock Exchange (TASE) closed positively.

Although the United States' economy is still down and her nation's economy is not showing signs of recovery, Israel's stocks Tuesday showed gains at the markets' close.