Mon: Teva leads TASE declines

Teva and Israel Chemicals lost ground but Cellcom and Partner bucked the market.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.29% to 1,462.32 points, the Tel Aviv 100 Index fell 0.28% to 1,312.34 points, and the BlueTech 50 Index fell 1.05% to 310.56 points. Turnover was NIS 1.29 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.67/$, up 0.714% on last Thursday's rate, and set the shekel-euro representative exchange rate at NIS 4.606/€, up 0.004%.

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 0.14%.

In the stock market, Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) continued to fall and was down 0.8%. Parent company Israel Corporation (TASE: ILCO) fell 1.28% for the largest fall on the Tel Aviv 25 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.99%, on the day's largest trading turnover.

However, the mobile carriers bucked the market big time. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 2.85% for the largest rise on the Tel Aviv 25 Index. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.06%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) was up 0.46%.

Also in positive territory was Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT), which rose 1.47%.

Published by Globes [online], Israel business news - www.globes-online.com - on October 6, 2014

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

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