Markets recover as shekel strengthens.

(From Jerusalem Post)

Byline: YAIR ALEK

This week was clearly divided into two - before and after Bank of Israel Governor David Klein's announcement of a 2 percentage point interest rate hike.

Prior to the late Monday announcement, the market was very tense, reflecting uncertainly on several fronts: the expected interest rate hike, a round of terrorist attacks, and new IDF operations in the Gaza Strip. Monday was the first day which ended on a positive note, after 14 consecutive days of decline on the Tel Aviv Stock Exchange. Indications of a pick-up could be discerned toward the end of trading when some market players took advantage of what they saw as attractive prices.

During the 14 …