Equities Update: Further Losses Possible

We warned of short-term downside risks for Israeli stocks on April 26 (see 'Stocks: Downside Risks For Oman, Israel; Upside For Tunisia', April 26 2010). This view has played out with the Tel Aviv-100 Index (TA-100) dropping 3.4% since Monday's close to trade at 1,097 at the time of writing.

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