The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.12% % to 1,282.07 points, the Tel Aviv 100 Index rose 0.22% to 1,159.52 points, and the BlueTech 50 Index rose 0.16% to 334.37 points. Turnover was NIS 1.14 billion.
The TASE rally continued today, albeit weaker than yesterday, despite losses on European markets and a mixed opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.561/$, up 0.57% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.832/€, up 0.51%.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index 0.08%.
In the stock market, Oil Refineries Ltd. (TASE:ORL) fell another 18%, for the biggest loss among Tel Aviv 25 shares, and on the day's biggest turnover of NIS 116.4 million. The share has fallen 27% in two days, amid concerns about the debt settlement by one of its parent companies, Israel Petrochemical Enterprises Ltd. (TASE:PTCH). Petrochemical Enterprises fell another 14.4% today.
Oil Refineries' sister company Israel Chemicals Ltd. (TASE: ICL) fell 0.6%, and their parent company, Israel Corporation (TASE: ILCO), fell 2.1%. ,p>Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.4%, for the biggest gain among Tel Aviv 25 shares.
On the Tel Aviv 100 Index, Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) rose 1.4%, after announcing a Tanzanian contract, and Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) 1.2%, after announcing an acquisition in the US. Ormat Industries Ltd. (TASE: ORMT) rose 1.8%, after announcing an Indonesian deal.
RedHill Biopharma Ltd. (Nasdaq: RDHL); TASE: RDHL) fell 1.2%, despite reporting success in a clinical trial, ahead of an application to the US Food and Drug Administration (FDA), and Kitov Pharmaceutical Holdings Ltd. (TASE: KTOV) fell 5.1%, after announcing plans to list American Depository Receipts (ADRs) on Wall Street.
Published by Globes [online], Israel business news - www.globes-online.com - on October 8, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013