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(From Jerusalem Post)
Byline: News agencies
The benchmark stock index dropped for a second day yesterday, led by Bank Leumi, Israel Discount Bank, and other companies that reported slumping second-quarter earnings.
The TA-25 Index declined 5.45 points, or 1.4 percent, to 373.97 after losing 0.7% Wednesday. Twenty-one stocks fell and four rose.
Bank Leumi fell 2%, to NIS 5.97. It was maintained "hold'' by analyst Stephen Levey at UBS Warburg, after it reported an 80% plunge in second-quarter profit.
Bank Hapoalim rose 0.4%, to 7.49. It said second- quarter profit dropped a less-than-expected 31% after it reduced costs to make up for higher loan-default provisions.
Bezeq Ltd. dropped 2.4%, to 5.19. It extended its decline after it said Wednesday that …