Lee, catch this falling knife ! Be careful IMTO
Israeli stocks fall on global concerns
Little economic impact seen from Hamas leader's killing
By Susan Lerner, CBS.MarketWatch.com
Last Update: 1:35 PM ET March 22, 2004
NEW YORK (CBS.MW) -- U.S.-traded stocks of Israeli companies took a beating Monday in the wake of ongoing geopolitical tensions, including the assassination of Sheikh Ahmed Yassin, founder of the Palestinian group Hamas. In afternoon trading, Teva Pharmaceutical (TEVA: news, chart, profile) was down 2.4 percent to $61.45; Check Point Software (CHKP: news, chart, profile) lost 1.1 percent to $2.13; AudioCodes (AUDC: news, chart, profile) slid 6.8 percent to $10.61; Gilat Satellite (GILTF: news, chart, profile) tumbled 9.7 percent to $8.49, and Given Imaging (GIVN: news, chart, profile) dropped 5.8 percent to $30.26.
Magal Security Systems (MAGS: news, chart, profile), however, rocketed 26 percent to $15.65 on Nasdaq, backing off from a session high of $16.57. The Yehud, Israel-based company makes computerized security systems that detect explosives.
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