Wed: Delek fuels TASE rally

Delek rose nearly 6% today and Israel Chemicals has risen 10% in the past two sessions but Teva continues to fall.

The Tel Aviv Stock Exchange (TASE) again rose sharply today, in line with rises on global stock markets. The Tel Aviv 25 Index rose 1.41% to 1,534.86 points, the Tel Aviv 100 Index rose 1.14%, to 1,337.14 points and the BlueTech Index rose 0.65%, to 331.47 points. The TelBond 20 corporate bond index rose 0.24%, to 313.91 points. Turnover totaled NIS 1.26 billion.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate down 0.620% from yesterday's rate at NIS 3.85/$, and the representative shekel-euro rate was set down 0.311%, at NIS 4.3333/€.

In the market, Israel Chemicals (TASE: ICL: NYSE: ICL) rose 4.70% after rising 5% yesterday and parent company Israel Corporation (TASE: ILCO) rose 3.53%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 4.65%.

Delek Group Ltd. (TASE: DLEKG) rose 5.85% for the biggest rise on the Tel Aviv 25 Index and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 5.35% and 4% respectively.

Bank Hapoalim (TASE: POLI) rose 2.48% and Bank Leumi (TASE: LUMI) rose 2.19%. Israel Discount Bank (TASE: DSCT) rose 2.94%.

However, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) was down 2.69% on the day's biggest trading turnover, one of only four shares on the Tel Aviv 25 Index to fall, and the biggest fall today on the blue chip index.

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

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

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