‘Black Gold’ Rush Hits Israel’s Stock Market

January 22, 2010

PetroleumRights15_10_09Geogr

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)

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  3. Expect Stock Surge in US Oil and Gas Companies Exploring in Israel

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