Israeli business publication Globes reported that Aryt Industries Ltd. shares are trading at or near their 52-week low. The report describes a disconnect on the Tel Aviv Stock Exchange: major indices are rising while most stocks are weak.
Globes reported that 55 stocks are at their 52-week lows. They represent about 10% of the exchange. On average, their shares are 45% below their peaks.
Aryt Industries was among the companies named as trading at or near its yearly low. The report said a small number of large companies are supporting the major indices.