‘Black Gold’ Rush Hits Israel’s Stock Market
January 22, 2010 by admin · 2 Comments
The Israeli stock exchange (TASE) closed up yesterday. One of the shining stars in Israel’s trading economy? Oil and gas companies. Israeli Haaretz newspaper reported today:
“Over here, if anything’s hot it’s the oil and gas sector. After having gained 2,470% in the past four months, units of oil exploration partnership Modi’in rose another 9.1% yesterday. The company pulled off a NIS 20 million rights issue that took it of the Maintenance List of companies not in compliance with Tel Aviv Stock Exchange listing rules.” (read Haaretz article)
