Mon: Gas stocks fail to lift market

Delek rose strongly on news of David Gilo's resignation but NICE and Israel Corp dragged the market down.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.46% to 1,707.74 points, the Tel Aviv 100 Index fell 0.30% to 1,478.57 points, but the BlueTech 50 Index rose 0.13% to 375.81 points. Turnover was NIS 919.3 million.

In the foreign currency market, futures trading pointed to the shekel-dollar representative exchange rate falling 0.18% from Friday's rate to NIS 3.866/$, while the shekel-euro rate was down 1.80% to NIS 4.245/€.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.05%.

In the stock market, Delek Group Ltd. (TASE: DLEKG) rose 3.42%, buoyed by the resignation of antitrust commissioner David Gilo. Delek's energy units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 1.25% and 2.50% respectively.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 4.26% for the biggest fall on the Tel Aviv 25 Index and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.96%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.25% on the day's biggest trading turnover and Israel Discount Bank (TASE: DSCT) fell 2.12%. Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 1.44% after a large acquisition in Norway. Israel Corporation (TASE: ILCO) fell 3.72% and its unit Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.21% after selling its PCG division for an estimated $50 million.

Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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