Article: TASE rises following gains in US

Bloomberg
Jerusalem Post
12-07-1998
Israeli stocks rose yesterday, led by Koor Industries and Makhteshim-Agan Industries, after gains among US stocks on Friday pulled up Israeli companies that trade there.

The Maof Index of the Tel Aviv Stock Exchange's 25 largest companies gained 2.66 percent to 307.2, it's second rising in three trading days after gaining 0.35 percent on Thursday.

The Nasdaq Composite Index, which includes many Israeli companies traded in New York, advanced 2.5 percent on Friday amid better than expected US economic figures. Israeli companies which trade in the US make up about 28 percent of the market value of the Tel Aviv Stock Exchange.

Koor Industries advanced 6.5 ...

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