Tel Aviv Stock Market Shows Record Inflows, Best Month in Nine Years

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Equity funds invested in Israel’s stock market raised a net NIS 880 million ($250 million) in October 2013, the best month recorded since January 2004, Israel’s Globes business daily reported, citing a report by Meitav DS Holdings.

Globes said NIS 300 million came into the funds last week, as the Tel Aviv Stock Exchange (TASE) mirrored rallies on other global markets. The Tel Aviv 25 Index hit a high of 1,308 points last Wednesday, up 13% since August 1.

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Source: The Algemeiner

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