Thu: Israel Chemicals falls back

The market rose today, led by Teva, but Israel Chemicals gave up some of its recent gains.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 0.16%, to 1,445.83 points; the Tel Aviv 100 Index rose 0.27%, to 1,293.11 points; and the BlueTech Index rose 0.29%, to 303.48 points. The TelBond20 corporate bond index fell 0.05%, to 324.65 points. Turnover totaled NIS 922 million.

The Tel Aviv 25 Index rose 0.9% over the week, and is up 8.8% year-to-date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.67% higher NIS 3.767/$, making it a 1.5% rise for the week, and the shekel-euro arte was set 0.43% higher, at NIS 4.7725/€.

Teva was again the most heavily traded stock, rising a further 1.14%. Merrill Lynch upped its target price for the stock to $61. Israel Chemicals fell back after its recent surge, by 2.21%. Bank Leumi fell 0.35%. Perrigo rose 3.18%, making it one of the day's outstanding advancers. Israel Chemicals' parent company Israel Corporation fell 2.54%, and IDB Development slid another 1.82%.

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

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

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