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A decrease in the value of stocks and Shikal in Israel
Israel, Economics, 10/24/2000
Israeli economic sources said yesterday that the financial markets have retreated yesterday while investors feared that the formation of a national unity government comprising Likud leadr Ariel Sharon may lead to an end to the peace process in Middle East.
The price of the Israeli currency reached yesterday (4,146) Shikal per dollar, a severe decrease from Friday's price drop which reached (4,1210) Shikal per dollar. The Tel Aviv indicator for the excellent shares went down 2.3% to reach 476,41points while the wider indicator comprises 100 shares has decreased to reach 472,06 points.
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