Thu: Perrigo leads rises

The market rose today, with Perrigo buoyed by good results and the major banks up as well.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 0.24%, to 1,389.35 points; the Tel Aviv 100 Index rose 0.30%, to 1,239.45 points; and the BlueTech Index fell 0.70%, to 302.90 points. The TelBond 20 corporate bond index rose 0.12%, to 321.59 points. Turnover totaled NIS 1.07 billion.

The Tel Aviv 25 Index ended the week up 0.2%, and is up 4.5% year-to-date.

In the foreign exchange market, the representative shekel-dollar rate fell 0.658%, to NIS 3.4700/$, and the shekel-euro rate fell 0.54%, to NIS 4.6422/€.

Teva was today's most heavily traded stock, closing flat. Perrigo, which released results today, was next in the table, and rose 5.35%, the largest advance among Tel Aviv 25 stocks. The big two banks both rose, Hapoalim by 0.64%, and Leumi by 1.47%.

Among the notable decliners, Bezeq fell 0.18%, Protalix fell 6.38%, Kamada, which reported an $8.3 million second quarter loss, fell 4.11%, EZchip fell 3.08%, Gazit Globe, which reported the sale of properties in the US for $205 million and the purchase of a commercial center in Sao Paulo for $65 million, fell 1.74%, and Elbit Systems fell 1.73%.

Published by Globes [online], Israel business news - www.globes-online.com - on August 14, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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