The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.10% to 1,444.44 points, the Tel Aviv 100 Index fell 0.11% to 1,283.76 points, but the BlueTech 50 Index rose 0.99% to 305.41 points. Turnover was NIS 1.35 billion.
Shortly before the market closed, Bank of Israel announced that the December interest rate will remain unchanged at 0.25%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.864/$, up 0.809% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.794/€, down 0.308%.
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 0.06%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.31% on the day's largest trading turnover, while Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) fell 2.58%. Parent company Israel Corporation (TASE: ILCO) fell 2.95% for the largest fall on the Tel Aviv 25 Index.
Other major decliners were Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) down 2.58% and Delek Group Ltd. (TASE: DLEKG) down 1.73%.
There were contrasting fortunes for Bank Leumi (TASE: LUMI) and Bank Hapoalim (TASE: POLI), which both announced robust third quarter results today. Leumi gained 0.90% but Hapoalim fell 1.62%.
Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 2.10% and Strauss Group Ltd. (TASE:STRS) rose 2.47% for the largest rise on the Tel Aviv 25 Index today.
IDB Development Corp. (TASE: IDBD) rose 5.62% to recoup some of yesterday's losses but Discount Investment Corporation (TASE: DISI) fell 0.24%.
Published by Globes [online], Israel business news - www.globes-online.com - on November 24, 2014
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