Tue: Russia-Turkey tensions spook world markets

Perrigo plunged and Delek was down but Ormat and Elbit Systems gained as world developments depressed the TASE.

The Tel Aviv Stock Exchange (TASE) fell today as global markets were spooked by Russia-Turkey tensions over the Syrian conflict and the downing of a Russian fighter jet. The Tel Aviv 25 Index fell 0.72% to 1,562.28 points, the Tel Aviv 100 Index fell 0.99%, to 1,343.81 points and the BlueTech Index fell 0.79%, to 341.12 points. The TelBond 20 corporate bond index rose 0.03%, to 314.86 points. Turnover totaled NIS 1.57 billion.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate up 0.334% from yesterday's rate at NIS 3.905/$, and the representative shekel-euro rate was set down 0.338%, at NIS 4.164/€.

In the market, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 4.94% for the biggest fall on the Tel Aviv 25 Index on the day's biggest trading turnover. Mylan N.V.'s (Nasdaq: MYL; TASE: MYL) fell 3.60%, Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 1.44%, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.99%.

Israel Chemicals (TASE: ICL: NYSE: ICL), fell 1.80%, Delek Group Ltd. (TASE: DLEKG) fell 1.43%, and Melisron Ltd. (TASE: MLSR) fell 1.75%.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.89% for the biggest rise on the Tel Aviv 25 Index today. Mizrahi Tefahot Bank (TASE:MZTF) rose 1.30% and Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) rose 1.36%.

Published by Globes [online], Israel business news - www.globes-online.com - on November 24, 2015

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

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