The Tel Aviv Stock Exchange (TASE) rose today to yet another new record encouraged by HSBC's prediction that the Bank of Israel will again cut the interest rate tomorrow and launch a quantitative easing program in the coming months. . The Tel Aviv 25 Index rose 1.34% to 1,622.59 points, the Tel Aviv 100 Index rose 1.07% to 1,421.68 points, and the BlueTech 50 Index rose 0.50% to 388.08 points. Turnover was NIS 1.12 billion.
In the foreign currency market, futures trading pointed to the shekel-dollar representative exchange rate rising 0.09% from Friday's rate to NIS 4.057/$, and a 1.45% rise in the shekel-euro representative exchange rate to NIS 4.391/€.
In the bond market, the corporate bond benchmark Tel-Bond 20 Index rose 0.02%.
In the stock market, 23 of the 25 shares on the Tel Aviv 25 index rose. Only NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.66% and Strauss Group Ltd. (TASE:STRS) fell 0.02%.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.965 on the day's largest trading turnover and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2.28% on a major new contract with the US Marines.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.68%, Israel Corporation (TASE: ILCO) rose 2.87% and Bank Leumi (TASE: LUMI) rose 2.57%.
Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) rose 2.45%, Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) rose 3.58%, and Melisron Ltd. (TASE: MLSR) rose 3.96%.
Published by Globes [online], Israel business news - www.globes-online.com - on March 22, 2015
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