The Tel Aviv Stock Exchange (TASE) rose today in line with strong rises in Europe and on Wall Street. The Tel Aviv 25 Index rose 0.93% to 1,481.88 points, the Tel Aviv 100 Index rose 1.17% to 1,311.06 points, and the BlueTech 50 Index rose 2.12% to 321.52 points. Turnover was NIS 1.92 billion.
The Tel Aviv 25 Index fell 0.4% over the week, bringing the year-to-date increase to 11.5%
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.934/$, up 0.306% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.850/€, down 0.678%.
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 0.97%.
In the stock market, Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 5.71% for the largest rise on the Tel Aviv 25 Index, continuing its strong gains since reaching a deal with Pfizer earlier in the week. Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) rose 2.62% on the day's largest trading turnover, which was slightly higher than Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA), which rose 2.40%. Delek Group Ltd. (TASE: DLEKG) continued its rebound, rising 2.45%.
Some shares lost ground today including Strauss Group Ltd. (TASE:STRS), which fell 2.75% for the biggest fall on the Tel Aviv 25 index and Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM), which fell 2.60%. Bank Leumi (TASE: LUMI) fell 1.89% and Paz Oil Company Ltd. (TASE:PZOL) fell 2.5%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 18, 2014
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