The Tel Aviv Stock Exchange rose today as global markets shrugged off the Brexit effect. The Tel Aviv 25 Index rose 0.72% to 1,392.25 points; the Tel Aviv 100 Index rose 0.67% to 1,204.31 points; and the BlueTech Index rose 0.34% to 316.07 points. The TelBond 20 corporate bond index rose 0.25% to 318.87 points. Trading turnover was NIS 1.55 billion.
On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.564% from yesterday's rate at NIS 3.878/$, and the representative shekel-euro rate was set up 0.231% at NIS 4.301/€. The shekel weakened against sterling by 0.343% to NIS 5.171/£, after gaining 9.8% against sterling since the UK EU referendum vote last Thursday.
On the market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 3.66% and Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 4.17% for the biggest rise on the Tel Aviv 25 Index. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 1.94% and parent company Israel Corporation (TASE: ILCO) rose 1.09%. Melisron Ltd. (TASE: MLSR) rose 2.71%.
Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.63% for the biggest fall on the Tel Aviv 25 Index today and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.16% on the day's largest trading turnover. Paz Oil Company Ltd. (TASE:PZOL) fell 1.43% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.64%.
Published by Globes [online], Israel business news - www.globes-online.com - on June 28, 2016
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