TEL AVIV (Oct. 27)
The Tel Aviv Stock Exchange rallied Tuesday to recover 1-2 percent of losses sustained earlier in the week. The improvement was attributed to the re-entry into the market of a brokerage firm that had stopped dealing in shares several months ago. It placed large orders, apparently in search of bargains, pushing prices up.
Local investors have lost an estimated $750 million in the value of their holdings since the Wall Street crash on Oct. 19.