May Maof options expired this morning with a theoretical expiration rate of 384.7, up 0.9% from yesterday's closing index. Turnover at expiry was NIS 241 million, a little on the low side. The expiration, usually very close to the beginning of trade, was slightly delayed this morning because of a halt in trade in Maof member Discount Bank, which announced financials.

The Maof-25 blue chip index opened up 0.9%, and the TA-100 is trading up 0.5%, as is the Tel-Tech. Since the expiry, the leading indices have continued to trade on an upswing.