The Tel Aviv-25 finished higher Sunday, gaining 1.44% to close at 1,377.79, meeting analysts expectations for a continuing market rally. Trading at a record high, the exchange was lifted by positive trends in world markets as well as ratings agency Fitch's decision on Friday to upgrade its outlook for Israel to positive from stable.
A positive corporate earnings report season has also provided a lift. On Sunday nearly all shares closed higher, with the telecom sector leading. Partner closed up 4.54%, Cellcom gained 2.73% and Bezeq gained 2.72%.
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(END) Dow Jones Newswires
December 01, 2013 10:35 ET (15:35 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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