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Wed: Mortgage banks worried.

Asia Africa Intelligence Wire

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

(From Israel Business Arena)

Byline: Yaron Friedman

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 index was down 0.12% at 629.39 points, the Tel Aviv 100 index fell 0.29% to 652.48 points, and the Tel-Tech 15 index rose 0.01% to 419.31 points. Turnover totaled NIS 738 million.

The TASE remained calm today. As in the past three days, trading volumes were lower than in recent months, and activity was light in most sectors. Most trading was by Tel Aviv 25 index players, in advance of the expiry of February options tomorrow morning.

Discount Mortgage Bank announced today that, due to larger than expected allowances for …

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