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To: caly who wrote (23)	10/31/2000 1:09:47 PM
From: caly	Read Replies (1) \| Respond to of 26

Tuesday October 31, 10:30 am Eastern Time Israeli stocks gain, market factors in violence TEL AVIV, Oct 31 (Reuters) - Israeli stocks edged higher on meagre volume on Tuesday, as investors headed to the sidelines to wait for fresh news from further Palestinian-Israeli clashes, traders said. ``The market is going to sleep a bit and see how things develop,'' said Ron Weisberg of the IBI Investment house. The violence has led to at least 150 people dead in just over a month, all but 11 of them Arabs. Weisberg said the market has become desensitised to continued reports of gunfights between the two sides. ``It's not news; it's happening every day,'' he said. ``They are shooting us, we are shooting them so continued shootings won't shake the market. Unless there is a Hamas bombing in Tel Aviv the market won't react,'' he said, referring to the militant Islamic group. The blue-chip Tel Aviv 25 index closed 0.46 percent higher at 464.57 points, while the broader TA-100 gained 0.28 percent to 460.52 points. The Tel-Tech (^TELTECH - news) technology index advanced 0.6 percent. Turnover was unusually slim 192.2 million shekels compared with 269 million shekels on Monday. Bezeq Israel Telecoms was the most active blue-chip, rising 1.5 percent to 20.71 shekels on expectations that the state-run telecoms firm would be allowed to launch high-speed Internet services before its competitors. Bezeq said on Tuesday the company has also decidede to formulate a business plan for buying the other half of its wireless subsidiary, Pelephone, from Motorola Inc (NYSE:MOT - news). Other than Bezeq, traders said there was virtually no other company news and the rest of the market was driven by end of the month window-dressing for investors squaring up accounts. Matav Digital shares gained 3.3 percent to 69.30 shekels, but the gains were made on turnover of just 3 million shekels. Teva Pharmaceutical Industries led blue-chip decliners with a 1.5 percent dip to 250.10 shekels.