Tel Aviv (Jul. 2)
The Tel Aviv Stock Exchange reported brisk business today — the first full day of trading after Tuesday’s elections. The Exchange opened late yesterday after most Israelis had sat up all night watching the results on television.
Prices started moving upwards in the few hours of trading yesterday, with the upward trend of stocks increasing today. Most stocks rose by between five and ten percent, with some shares up by about 16 percent.
Exchange sources said traders clearly anticipated a business upturn following three months of uncertainty during one of Israel’s most undisciplined and wildest election campaigns. Government bonds fell slightly today as investors switched from bonds to stocks.