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Relative calm on political front frees TASE to open Sunday on 1.5% gains

Elbit Systems up 2% after announcing Israel Air Force deal

Tel Aviv stocks are up 1.5% at Sunday opening. The Maof-25 blue chip index is up 1.5% to 422.3 points and the TA-100 index is rising 1% to 405 points. Technology shares are off 0.4%. Total turnover is low at NIS 10 million.

The gains, which stand out against the 2.8% drops on Nasdaq on the last two trading days, are attributed to the relative calm in the regional violence.

IDB group stocks are trading up, with IDB Holding Corporation gaining 2.2%, IDB Development Corporation rising 2%, Discount Investments gaining 2.3%, and Clal Industries rising 1.9%. Yedioth Ahronoth today reported that real-estate tycoon Larry Silverstein is in preliminary talks with IDB Holdings Chairman and CEO Leon Recanati, for investing in the group.

Elbit Systems is up 2.1%. The company today announced it has won a Defense Ministry contract to provide radar systems to the Israel Air Force.

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