Mon: TASE halts the slide

Bezeq and the banks helped the market rebound after recent heavy losses but Israel Chemicals slumped.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 0.94% to 1,427.11 points; the Tel Aviv 100 Index rose 0.76%, to 1,233.92 points; but the BlueTech Index fell 0.36% to 326.86 points. The TelBond 20 corporate bond index fell 0.18% to 317.91 points. Trading turnover was NIS 1.06 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.399% from Thursday's rate at NIS 3.746/$, and the representative shekel-euro rate was set up 0.705% at NIS 4.302/€.

On the market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 3.04% for the biggest rise on the Tel Aviv 25 index. The banks rose strongly today. Bank Leumi (TASE: LUMI) rose 2.43% and Bank Hapoalim (TASE: POLI) rose 1.78%. Israel Discount Bank (TASE: DSCT) was up 2.74%, Mizrahi Tefahot Bank (TASE:MZTF) rose 1.25%, and First International Bank of Israel (TASE: FTIN) rose 2.38%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) was unchanged on the day's highest trading turnover.

Delek Group Ltd. (TASE: DLEKG) rose 2.13% and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 2.26% and 1.88% respectively.

Israel Chemicals (TASE: ICL: NYSE: ICL) fell 3.71% for the biggest fall on the Tel Aviv 25 index today and parent company Israel Corporation (TASE: ILCO) fell 3.12%. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 3.21%.

Published by Globes [online], Israel business news - www.globes-online.com - on May 2, 2016

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

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