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What's up at 54 Ahad Ha'am. (Tel Aviv Stock Exchange listings)
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The Two-Sided Index on the Tel Aviv Stock Exchange fell to 161.8 on Dec 12, 1994, from the previous week, and then recovered to 166.1 by the end of the week. A drop in ECI Telecom shares caused by revised earnings estimates by two investment banks created a dip in the index during this time. Small brokers may be pushed out of the system by the lows the market is reaching. Finance Minister Avraham Shochat could also suffer political defeat if he significantly delays the start of a capital gains tax as is rumored.
The market reached new lows during the week. Turnovers continued to be low, ...
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