The Israeli stock market has been reaching record highs as economic growth has been strong. Despite today's GDP report showing a sharp drop due to the summer war, the Tel-Aviv Stock Exchange rebounded finishing the day on a positive note.

Some Israeli companies listed on the NASDAQ are having quite the day:

Orckit Communications Ltd. (NASDAQ:ORCT) is a manufacturer of telecommunications networking equipment. ORCT shares are up more than 9% today. Rumors in Israeli newspapers mention the company gaining a new important client in Asia. Market cap: $147.7 million. 52-week range: $6.75-$31.22. Afternoon price: $11.36.

NICE Systems Ltd. (NASDAQ:NICE) shares are up more than 5.5%. NICE makes data recording products for financial institutions and other companies to monitor interactions with their customers. Market cap: $1.1 billion. 52-week range: $21.55-$32.80. Afternoon price: $32.45.

Continue reading Israeli market is strong: ORCT, NICE, RVSN

Israeli market is strong: ORCT, NICE, RVSN originally appeared on BloggingStocks on Tue, 14 Nov 2006 14:54:00 EST. Please see our terms for use of feeds.