Tel Aviv stocks are rising strongly at Tuesday mid-morning following Monday's rises on Wall Street.
The Maof-25 index of blue chips is up 2.1% to 395.1 points and the TA-100 index is rising 1.7% to 387.4 points. Turnover is thin at NIS 30 million.
Discount Bank is again the liveliest stock on the floor. The bank is up 2.1% on turnover of NIS 8 million. Discount shares sank 5.6% yesterday, as workers freed from lock-up sold shares they had received in 1997.
Other big banks are gaining ground. Bank Leumi is rising 1.1%, Hapoalim is up 1.2% and Mizrahi Bank is adding 1.4%. All had begun with even sharper gains.
Later this month, shares granted to workers of Bank Mizrahi will also be freed from lock-up.
Teva Pharmaceuticals (Nasdaq:TEVA) is gaining 4.7% on NIS 3 million turnover, erasing the positive arbitrage gap of 4.7% the shares opened yesterday on the Nasdaq. Other dual-listed stocks are also on the rise: Elron Electronic Industries (Nasdaq:ELRNF) is up 4.3%, Formula Systems (Nasdaq:FORTY) is gaining 5.3% and Koor Industries (Nasdaq:KOR) is rising by 1.7%.
IDB group shares are doing well. IDB Holding Corp. is rising 4%, IDB Development Corp. is up 2.6% and Discount Investments is gaining 2.9%. Clal Industries & Investments is rising 4.2%.
Tene Off shares are soaring 15% on small turnover after the company announced antitrust approval for its merger with Meir Ezra.