(HAARETZ).The optimism on Wall Street over the past few days spread to Tel Aviv yesterday, and the local market responded with big gains.
Yesterday the Tel Aviv Stock Exchange hit its highest level in five months as the TA-25 index of blue-chips jumped 5.3% to close at 765 points, and the broader TA-100 rose 1.1% to end the day just under the 700 barrier at 699 points.
Turnover also recovered somewhat, to NIS 1.7 billion for the day, 40% higher than the average over the past month and marking a return to levels seen before the economic crisis hit.
The market rose 10% in March, but the TASE has actually been on its way up for a few months. The TA-100 has now gained 35% from its low point of four months ago. So far this year the TA-25 has gained back 16%, and the TA-100 24%.
