Sun: TASE lacks direction

Teva and Perrigo declined and Ormat and Gazit-Globe led the gains but the TASE was mixed and flat on thin trading.

The Tel Aviv Stock Exchange was mixed today on very thin trading. The Tel Aviv 25 Index rose 0.07% to 1,468.66 points; the Tel Aviv 100 Index fell 0.09%, to 1,277.23 points; and the BlueTech Index rose 0.54% to 338.92 points. The TelBond 20 corporate bond index rose 0.19% 323.77 points. Trading turnover was NIS 509.9 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.492% on Friday at NIS 3.839/$, and the representative shekel-euro rate was set down 0.313% at NIS 4.235/€.

On the market, Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) was up 2.05% for the biggest rise on the Tel Aviv 25 index. Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) rose 1.82% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.68%. Delek Group Ltd. (TASE: DLEKG) rose 1.24% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.05%.

Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.47% for the biggest fall on the Tel Aviv 25 Index today on the day's largest trading turnover. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.22% and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1%.

Published by Globes [online], Israel business news - www.globes-online.com - on July 24, 2016

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

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