The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.53% to 1,417.62 points, the Tel Aviv 100 Index rose 0.46% to 1,279.88 points, and the BlueTech 50 Index rose 0.19% to 319.08 points. Turnover was NIS 1.141 billion.
The Tel Aviv 25 Index rose to within 0.3% of its record high in April 2014 despite flat markets in Europe and at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.578/$, down 0.028% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.692/€, down 0.215%.
In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.23%.
In the stock market, the gains were led by Delek Group Ltd. (TASE: DLEKG), which rose 2.86% for the largest rise on the Tel Aviv 25 Index. Azrieli Group Ltd. (TASE: AZRG) rose 1.64% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.75% on the day's largest trading turnover.
There were mixed fortunes for the telecom companies. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) continued its good run rising 1.71% but Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 0.12% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) recovered from yesterday's losses with a rise of 1.05%.
On the negative side, Opko Health Inc. (NYSE: OPK; TASE: OPK) was down 1.13% for the largest fall on the Tel Aviv 25 Index, and Paz Oil Company Ltd. (TASE:PZOL) gave up some of yesterday's gains falling 0.9%. Israel Chemicals Ltd. (TASE: ICL) fell 0.43%, and parent company Israel Corporation (TASE: ILCO) fell 0.05%.
Published by Globes [online], Israel business news - www.globes-online.com - on September 2, 2014
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