TASE ignores bomb attack in Tel Aviv - TheStreet

TASE ignores bomb attack in Tel Aviv

Indicators do not substantially change on reports of bus bomb, 13 wounded
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Trade on the Tel Aviv Stock Exchange was not substantially affected by the terrorist attack on a bus in central Tel Aviv this noon. The lack of effect could be due to the fact that the attack was considered relatively minor, although 13 people were wounded, four fairly seriously.

The Maof-25 index sustained mild gains and is now up 0.6% to 511 points. The TA-100 index is rising by 0.45% to 493 points and the Tel-Tech index, in contrast, is slipping by 1.4, only slightly more than at noon.

Trade is thin although today options on the Maof-25 index expired. Usually volumes of trade are enormous in options-expiry sessions, but not today. The Maof-25 rate for the purpose of the expiry was set at 513.9 points, 1.17% higher than the base index. Speculators described the expiry as relatively quiet. One reason the event may have been less volatile than usual is that the TASE inaugurated a new element to dampen speculation: it did not specify the precise moment at which the final index would be set, just a range of ten minutes. The TASE hoped to avert the usual rush of action in the last seconds before the setting of the index, and apparently managed to do exactly that.

Total turnover at expiry was a tiny NIS 210 million (everything being relative). Total turnover at mid-afternoon is NIS 442 million.

Nice Systems (Nasdaq:NICE) is losing a steep 8.2% on high turnover of NIS 34 million. Analyst Amichay Bombach from Foresight investment house predicts that Nice's profits will suffer in coming quarters.