Tue: Israel Chemicals leads market rises

Israel Chemicals, Opko Health and Israel Discount Bank all performed strongly today.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.17% to 1,398.20 points, the Tel Aviv 100 Index rose 0.09% to 1,252.80 points, and the BlueTech 50 Index rose 0.38% to 311.02 points. Turnover was NIS 800.3 million.

The TASE rose slightly in line with rises on European markets and the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.426/$, down 0.029% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.603/€, down 0.03%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.07%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) rose 1.4% and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 1.87%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.43% on the day's biggest trading turnover, and Paz Oil Company Ltd. (TASE:PZOL) rose 1.32%.

Israel Discount Bank (TASE: DSCT) rose 2.72% for the day's largest rise on the Tel Aviv 25 Index, but the other major banks fell. Bank Leumi (TASE: LUMI) fell 0.52%, Bank Hapoalim (TASE: POLI) fell 0.4%, and Mizrahi Tefahot Bank (TASE:MZTF) fell 0.93%.

Elsewhere in the market Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) rose 21.28% on news that it will begin delivering its 3-D printing product in the fourth quarter.

Published by Globes [online], Israel business news - www.globes-online.com - on July 29, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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