The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.64%, to 1,653.21 points; the Tel Aviv 100 Index fell 0.47%, to 1,424.66 points; and the BlueTech Index fell 0.33%, to 360.62 points. The TelBond 20 corporate bond index rose 0.17%, to 317.10 points. Turnover totaled NIS 441 million.
On Friday, on the foreign exchange market, the representative shekel-dollar rate was set 0.29% lower, at NIS 3.769/$, and the representative shekel-euro rate was set 0.03% higher, at NIS 4.1864/€.
Nitsba was today's most heavily traded stock, and also the strongest advancer, soaring 17.47%, after parent company Airport City published an offer to purchase for the 41% of the company it does not already own, at a premium of 23% on the closing price at the end of last week. The offer to purchase is part of a move to flatten the structure of the J.O.E.L. Jerusalem Oil Exploration-Isramco group, controlled by Haim Tsuff, in compliance with the Concentration Law. Airport City fell 2.17%.
Among other leading stocks, Bank Hapoalim fell 1.46%; Bank Leumi fell 1.56%, Avner fell 2.63%, and Ratio fell 3.2%.
Alon Blue Square, owner of the troubled Mega supermarket chain, fell a further 5.15% today, while rival Shufersal rose 1.43%.
Published by Globes [online], Israel business news - www.globes-online.com - on July 5, 2015
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