Tue: Teva soars

Teva lifted the market along with Israel Chemicals but Frutarom fell after the gains of recent days.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.79% to 1,572.90 points, the Tel Aviv 100 Index rose 0.87%, to 1,355.17 points but the BlueTech Index fell 0.06%, to 342.23 points. The TelBond 20 corporate bond index rose 0.24%, to 314.90 points. Turnover totaled NIS 1.27 billion.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate up 0.052% from yesterday's rate at NIS 3.879/$, and the representative shekel-euro rate was set up 0.268%, at NIS 4.111/€.

In the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 5.74% for the biggest rise on the Tel Aviv 25 Index on the day's biggest trading turnover. Mylan N.V.'s (Nasdaq: MYL; TASE: MYL) rose 1.71%, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.91%.

Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) rose 3.68% and Strauss Group Ltd. (TASE:STRS) rose 4.98%.

Israel Chemicals (TASE: ICL: NYSE: ICL) rose 2.81% and parent company Israel Corporation (TASE: ILCO) rose 2.34%.

On the negative side of trading, Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 2.62% for the biggest fall on the Tel Aviv 25 Index and Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 1.43% on profit taking after its strong gains in recent days.

Published by Globes [online], Israel business news - www.globes-online.com - on December 1, 2015

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

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