Gains by banks Hapoalim and Leumi are lifting the Tel Aviv Stock Exchange indices into the green Thursday morning.
Some pressure is being created by the fighting between Israelis and Palestinians: after the car-bomb attack that killed at least 14 soldiers and three civilians yesterday, Israeli forces stormed the Palestinians headquarters in Ramallah, only to withdraw hours later.
On the other hand, investors are encouraged by Wednesday gains on Wall Street and the Knesset's support for the emergency economic plan, on which it voted early Thursday morning.
The Maof-25 index is rising by half a point and the Tel Aviv-100 index is inching up by 0.3%. Tech stocks are weak, however, and trading volumes are all but nonexistent at NIS 5 million.
Of that, half is in Teva Pharmaceuticals (Nasdaq:TEVA) stock, which is easing down by 0.7%.
The big banks, Hapoalim and Leumi, are both up by about 0.5%. The Koor Industries (NYSE:KOR) conglomerate is rising by 0.8% and Elron (Nasdaq:ELRNF) is up 2% after starting on a positive arbitrage gap of 4.2%.