BUSINESS

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Israeli Stocks
Up 40 Percent

Announcing two new
Comerica Securities Investment
Centers to serve you.

The Israeli stock market in
1993 went up by 40.8 percent,
while bonds were up 9 percent,
according to figures released by
the Central Bureau of Statis-
tics.
Assuming a yearly inflation
rate of 11.5 percent, this means
the stock market was up 26 per-
cent in real terms, far lower
than last year's real gain of 75.2
percent and also lower than the
real gain in 1991, which was 31
percent.
Most of the increase in the
stock market occurred after Au-
gust, as the market gained mo-
mentum with news of the Oslo
agreement between Israel and
the PLO.
Overall, stocks traded on the
two-sided index were up 26.8
percent; those on the Maof in-
dex were up 20.2 percent; and
those on the Karam index rose
75.1 percent. The bond market
was down 2.4 percent in real
terms.

Comerica Securities, a subsidiary of
Comerica Bank, is a full-service brokerage and
investment firm offering the following
products and services to its clients:

Short-and long-term Investments

Municipal bonds

Corporate bonds

Stocks

Mutual funds

Annuities

Precious metals

Israeli Exports
Jumped In 1993

Industrial exports from Israel
in 1993 totaled $10.1 billion,
compared with $7.7 billion in
1992 Finance Minister Avra-
ham Shohat said.
Agricultural exports, how-
ever, dropped to $550 million
compared with $650 million in
1992, he said.
Mr. Shohat, speaking at a
conference on agricultural strat-
egy at Kiryat Anavim, said that
restructuring kibbutz debts
would be one of the main issues
on the economic agenda in 1994.

Southfield

Bloomfield Hills

Comerica Tower
29201. Telegraph
Southfield, MI 48034

1166 North Woodward
Bloomfield Hills, MI 48304

Dan Barish

948-2902

Stephanie A. Belf

222-3417

Paul M. Deroche

948-2922

Diana Brooks

222-6174

Millicent Evanoff

948-2923

William H. Danforth

222-3415

Diana M. Freeburg

948-2921

Alan E. Mead

222-6132

Christopher Misterovich

948-2920

Susan A. Vestavich

222-6166

Comencasecurities

Koor Purchases
Meat Processor

Ronald S. Plaine, President

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th:ti ne,ty catt,c their value to 1111cm:tie. Including lovable lu.. 4,1 1,1111C11)1C. A111111111e, ;Ire ollerctl through Acce,s
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Insurance

'76

Market Fact

T

he Jewish News reaches the Detroit area's most investment-oriented audience more
efficiently than any other local publication.
Don't Read Regularly
80%
Crain's Detroit Business
68%
Detroit Monthly
Observer & Eccentric Papers
72%
Source: 1993 Simmons-Jewish News Study

THE JEWISH NEWS

FEBRU A RY

Koor Industries purchased 51
percent of Hod Lavan shares in
Israel from Moshav Beit Herut
for 11 million shekels.
According to the contract,
Koor is obligated to make a 4
million shekel owners' loan to
Hod Lavan, which is one of the
leading Israeli manufacturers
in the meat processing field.
Hod Lavan registered 45
million shekels in sales last
year, of which 75 percent was
to the local market. The com-
pany's exports are sold through
Agrexco to France, Sweden and
Switzerland.
Hod Lavan, chosen as the ex-
clusive supplier of meat prod-
ucts to the McDonald's
restaurant chain, recently in-
vested more than $1 million in
development of its production
lines to the requirements of Mc-
Donald's.

..austs.

