Israel Stocks Lead Losses in the Mideast Amid Lockdown Woes, September 13 - Bloomberg:
The main equities index in Tel Aviv retreated the most in the Middle East as the country is set to enter a second coronavirus lockdown.
The TA-35 declined as much as 1.5% on Sunday, adding to a 2.6% decline last week, dragged down by LivePerson Inc, Bank Hapoalim BM and Israel Discount Bank Ltd. The gauge traded at the lowest level since April 6.
An inner cabinet of Israeli ministers late on Thursday approved a two-week, full-fledged lockdown, to be followed by two more weeks of strict limits on movement and economic activity. The plan is subject to the final approval of the full cabinet on Sunday and faces opposition from some ministers. Israel’s equity index is down 7.3% in September.
Elsewhere in the region, gauges in Saudi Arabia, Kuwait and Qatar advanced as much as 0.8%, while those in Dubai, Abu Dhabi, Bahrain and Oman slipped.
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