The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.23% to 1,683.35 points, the Tel Aviv 100 Index rose 0.33% to 1,471.29 points, and the BlueTech 50 Index rose 0.60% to 384.04 points. Turnover was NIS 2.9 billion.
The market will be closed on Memorial Day (Wednesday) and Independence Day (Thursday) and reopens Sunday.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.946/$, up 0.535% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.216/€, down 0.017%.
In the bond market, the corporate bond benchmark Tel-Bond 20 Index rose 0.16%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 2.43%, on news of its huge offer to buy rival Mylan Inc. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.67% on the news after Mylan itself had made an attractive offer to buy Perrigo. Both companies had huge trading volumes today.
Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) rose 2.56%, while Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.95% for the biggest fall on the Tel Aviv 25 Index.
The banks had contrasting fortunes on very high trading turnovers. Israel Discount Bank (TASE: DSCT) and First International Bank of Israel (TASE: FTIN) rose 1.5% and 1.73% respectively. Bank Leumi (TASE: LUMI) and Bank Hapoalim (TASE: POLI) fell 1.05% and 0.96% respectively.
Published by Globes [online], Israel business news - www.globes-online.com - on April 21, 2015
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