The Tel Aviv stock exchange closed higher yesterday, taking the lead from trade on Wall Street on Monday and on Asian markets yesterday. Investors both here and abroad may have been encouraged by Germany's words of support on Monday for European Central Bank President Mario Draghi's plan to buy up Spanish and Italian government bonds. The benchmark TA-25 index rose 1.0% yesterday, to 1,109 points, while the broader TA-100 index climbed 1.2%, to 999 points. The Banks-5 index gained 1.3% after dipping 0.5% in the morning. The Real Estate-15 index gained 0.26% on the day. Overall trading volume was a thin NIS 751 million. Spanish and Italian short-term government bond yields rose yesterday as...
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