Thursday, June 21, 2007

Israeli Stocks Fall, Led by Hapoalim, Leumi After Deutsche Bank Downgrade

(Bloomberg) -- Israeli stocks fell, sending the TA-
25 Index to its lowest in a week. Bank Hapoalim Ltd. and Bank
Leumi Le-Israel Ltd. led the retreat after Deutsche Bank AG cut
its recommendation on shares of the nation's largest banks.

The TA-25 lost 7.44, or 0.7 percent, to 1118.87 at 9:50 a.m.
in Tel Aviv, as 20 shares dropped and five climbed. The measure
has gained 1.2 percent this week.


Read more at Bloomberg Stocks News

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