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Thu: Tel Aviv 25 option expiry contributes to TASE fall.

Asia Africa Intelligence Wire

| June 23, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Israel Business Arena)

Byline: Roy Meltzer

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 index was down 1.57% at 649.90 points, the Tel Aviv 100 index fell 1.36% to 663.33 points, and the Tel-Tech 15 index fell 1.04% to 408.17 points. Turnover totaled NIS 1.984 billion.

The TASE finished the trading week on a down note, turning the change in trend in recent days into an accomplished fact. Lively trading on the expiry of Tel Aviv 25 options pushed the index down 0.8%, with over NIS 800,000 changing hands, and the leading indices continued downward from there. The small-cap shares followed the blue chips into negative territory. …

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