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The Tel Aviv Stock Exchange has opened with rising indexes, on a low turnover of just NIS 15 million. This follows Thursday's gains on Wall Street, which saw the Nasdaq jump by 3.29%, and the Dow Jones rise by 1.13%.

The Maof-25 index of blue chips has opened up 1.48% to 408.46 points, and the TA-100 is up 1.39% to 300.78 points.

Shares in

IDB Holdings

are up 3.8%, on a turnover of NIS 3 million. It seems as though the share is still responding to Thursday's news that Israeli businessman Eliezer Fishman is trying to increase his holdings in the company from 5% to 15%. Moreover, it appears as though Fishman is snapping up all available shares in the company and is responsible for the high turnover.

The rest of the group is also doing well with shares in IDB Development rising 2.7%. Bank Discount is up 3% and

Clal Industries & Investments

has jumped 3.1%.

Big bank stocks are also benefiting from the positive trend.

Bank Leumi

has risen 0.5%, on a turnover of NIS 1.7 million, this morning's second largest.

Bank Hapoalim

has also jumped 1.3%, and

Israel Discount Bank of New York

is up 1.1%