Tue: Delek fails to lift market

Delek rose handsomely but Israel Corp and Israel Chemicals pulled the market down.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.18% to 1,658.64 points, the Tel Aviv 100 Index fell 0.04%, to 1,425.17 points and the BlueTech Index fell 0.11%, to 356.91 points. The TelBond 20 corporate bond index rose 0.49%, to 319.33 points. Turnover totaled NIS 960.6 million.

On the foreign exchange market, Bank of Israel set the shekel dollar representative rate up 0.106% from yesterday's rate at NIS 3.78/$, and the representative shekel-euro rate was set 0.452% lower, at NIS 4.145/€.

On the market, Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 2.68% for the biggest fall on the Tel Aviv 25 Index. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.31% and Israel Discount Bank (TASE: DSCT) fell 1.21%.

Israel Corporation (TASE: ILCO) fell 1.21% and subsidiary Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.35%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.86% on the day's biggest turnover and Delek Group Ltd. (TASE: DLEKG) rose 1.82% for the biggest rise on the Tel Aviv 25 Index. Delek's energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 1.26% and 1.27% respectively.

Published by Globes [online], Israel business news - www.globes-online.com - on July 7, 2015

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

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