Tue: Tel Aviv 25 Index up 22% in 5774

Israel Chemicals fell ahead of Wednesday's NYSE offering. The TASE reopens Sunday after the Rosh Hashanah holiday.

The Tel Aviv Stock Exchange (TASE) was mixed today. The Tel Aviv 25 Index rose 0.28% to 1,456.28 points, the Tel Aviv 100 Index fell 0.01% to 1,305.02 points, and the BlueTech 50 Index fell 0.41% to 314.31 points. Turnover was NIS 1.69 billion.

The Tel Aviv 25 Index rose 22% in 5774. The TASE reopens on Sunday after the Rosh Hashanah holiday.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.658/$, unchanged on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.713/€, up 0.324%.

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 0.16%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) fell 2.49% for the largest fall on the Tel Aviv 25 Index ahead of Wednesday's offering on the New York Stock Exchange. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.94% on the day's largest trading turnover.

Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 2.45% for the largest rise on the Tel Aviv 25 Index, while Paz Oil Company Ltd. (TASE:PZOL) rose 1.73% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.07%. Osem Investments Ltd. (controlled by Nestl? SA (SWX:NESN)) (TASE: OSEM) fell 1.66%.

Among mid-cap shares Clal Biotechnology Industries Ltd. (TASE: CBI) rose 0.39% after announcing that it is suing Hyperion for $200 million for the breakdown of the Andromeda Biotech sale.

Published by Globes [online], Israel business news - www.globes-online.com - on September 23, 2014

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

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