Mon: Bank Leumi surges on flat TASE

Leumi and Hapoalim rose but Israel Chemicals gave up some of yesterday's gains.

The Tel Aviv Stock Exchange (TASE) was mixed today. The Tel Aviv 25 Index rose 0.07% to 1,423.37 points, the Tel Aviv 100 Index fell 0.11% to 1,279.36 points, and the BlueTech 50 Index fell 0.32% to 313.43 points. Turnover was NIS 1.19 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.626/$, down 0.275% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.686/€, down 0.306%.

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 0.05%.

In the stock market, Bank Leumi (TASE: LUMI) rose 2.17% for the largest gain on the Tel Aviv 25 Index. Bank Hapoalim (TASE: POLI) rose 0.50%.

The telecom companies were in negative territory with Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) falling 2.29% for the largest drop on the Tel Aviv 25 Index. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 1.58% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.5%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.43% on the day's largest trading turnover. Israel Chemicals Ltd. (TASE: ICL) fell 1.23% and parent company Israel Corporation (TASE: ILCO) was down 1.09%.

There were handsome gains for Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) up 1.32%, and Azrieli Group Ltd. (TASE: AZRG) up 1.31%, but Delek Group Ltd. (TASE: DLEKG) fell 1.57%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 15, 2014

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

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