Tue: Israeli banks buck market

The TASE fell again today led by Teva and Israel Chemicals but Leumi and Hapoalim rose. 

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.21% to 1,417.90 points, the Tel Aviv 100 Index fell 0.36%, to 1,211.20 points and the BlueTech Index fell 0.43% to 283.50 points. The TelBond 20 corporate bond index fell 0.52% to 305.60 points. Turnover totaled NIS 1.37 billion.

On the foreign exchange market, the Bank of Israel set the shekel-dollar representative rate down 0.077% from yesterday's rate at NIS 3.887/$, and the representative shekel-euro rate up 0.848% at NIS 4.317/€.

On the market, Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 1.83% for the biggest fall on the Tel Aviv 25 Index and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.57%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.99% on the day's biggest trading turnover and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.51% after publishing its fourth quarter results. Delek Group Ltd. (TASE: DLEKG) fell 1.50% on the new that Cyprus had cancelled the tender to buy natural gas from the Leviathan partners.

Opko Health Inc. (NYSE: OPK; TASE: OPK) was up 3.28% for the biggest rise on the Tel Aviv 25 Index and Strauss Group Ltd. (TASE:STRS) rose 1.58%. Paz Oil Company Ltd. (TASE:PZOL) rose 1.47%.

Bank Hapoalim (TASE: POLI) rose 1.20% and Bank Leumi (TASE: LUMI) rose 0.79%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 9, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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