The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.53% to 1,106.52 points, the Tel Aviv 100 Index rose 0.60% to 1,001.23 points, and the BlueTech 50 Index rose 0.88% to 269.95 points. Turnover was NIS 1.37 billion.
The TASE ended the day in positive territory, boosted by a final rally on gains in early trading on Wall Street, after a volatile session driven by contradictory news from Greece. The Tel Aviv 25 Index fell 5.3% for the week.
The Tel Aviv 25 Index rose 5.2% in October. The TASE reported today that the average daily turnover in October was NIS 1.5 billion, the lowest average since April 2009, and 20% below the monthly average for the year to date.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.1%, and long-term Galil CPI-linked bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index fell 0.05%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.665/$, up 0.38% on the day before, and set the shekel-euro representative exchange at NIS 5.055/€, up 0.44%.
In the stock market, Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 5.2%, for the biggest gain among Tel Aviv 25 shares, after announcing the launch of its joint venture with Procter & Gamble Company (NYSE: PG).
NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 3.4% on strong third quarter financials, but Delek Group Ltd. (TASE: DLEKG) fell 1.9% after subsidiary Delek US Holdings Inc. (NYSE:DK) published its financials.
Bank Hapoalim (TASE: POLI) fell 1.4% and Bank Leumi (TASE: LUMI) fell 0.4%. The banks feel hard this week: Hapoalim fell 9.6% and Leumi fell 8%.
Tel Aviv 100 companies Ormat Industries Ltd. (TASE: ORMT) rose 3.8%, after subsidiary Ormat Technologies Inc. (NYSE: ORA) published its financials, and Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) fell 2.2%.
IDB Holding Corp. Ltd. (TASE:IDBH) unit Hadera Paper Ltd. (AMEX: AIP; TASE: AIP) fell 1.6%, after a Turkish court ruled that its local subsidiary owed $10.5 million in taxes.
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) rose 2% after Citi initiated coverage with a "Buy" recommendation.
Published by Globes [online], Israel business news - www.globes-online.com - on November 3, 2011
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