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Israeli Finance Minister Avraham Shohat talks of
his role as architect of the policies behind a
booming economy,
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nlike most of his prede-
cessors, most notably his
father-in-law, Levi Eshkol,
Israeli Finance Minister
Avraham Shohat is popular.
Some would attribute this to
his mild-mannered personality;
others to the accelerated growth
the economy has experienced
during his term in office. Either
way, it seemed natural that even
after the tragic loss of his politi-
cal godfather, Yitzhak Rabin, he
quickly won the confidence of
Prime Minister Shimon Peres,
who is widely expected to reap-
point Mr. Shohat should Labor
win this month's elections.
Having gone down to the
Negev at 25 in order to join the
founders of the development
town, Arad, and after serving in
the paratroopers and earning his
civil engineer's degree at the
Technion, the 60-year-old, Tel

Aviv-born Shohat's resume reads
like the quintessential Zionist
idealist's.
Yet he may end up being re-
membered for the economically
good times, when hundreds of
thousands of new immigrants
rapidly approached the middle
classes, veteran Israelis increas-
ingly prospered in or alongside a
thriving high-tech industry, and
a new generation of Israelis be-
came successful entrepreneurs.
Even so, presiding over un-
precedented trade and current ,)
account deficits, faced with
pressing costs stemming from
the skirmishes along the
Lebanese border, and compelled
to grapple with complicated eco-
nomic relations with the Pales-
tinians, the issues on Mr.
Shohat's agenda are among the
most complex for any decision
maker in Jerusalem.

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Avraham Shohat talks with Shimon Peres.

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Gary Wettenstein and Sheila Blum
Over 30 Years Combined Experience

LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES

Symbol

Name

Exchange

SCIXF

Scitex

NASDAQ

ECILF

ECI Telecom
Teva Pharm
PEC Israel

TEVIY
IEC
ELBTF

Eltt Computers

$16.87

ELT

Elscint LTD

NYSE

$13.87

ELRNF

NASDAQ

'10.12
'20.50
'23.87
'11.75

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CMVT

Comverse

ISL

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271 MERRILL • BIRMINGHAM

'18.75
'24.62

NASDAQ
NYSE
NASDAQ

Elron Electronics
Tadiran

(810) 646 0535

NASDAQ

April 19

NYSE
NASDAQ
First Israel Fund NYSE

$44.87
5 21.75

April 26

Change

21.75

+$3.00

$27.25

+s2.63
+$0.63
+$1.00

5

'45.50
'22.75
'17.50
'14.87
5 10.50
'21.87
'24.25
'12.00

+S0.63

+$1.00

+$0.38
+51.37

+$0.38

+$0.25

Source: Allen Olender, Prudential Securities,
West Bloomfield.

