Thu: Tel Aviv 25 Index down 1.1% for week

Israel Chemicals and the banks led the market down today while NICE Systems soared on good financials.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.45% to 1,452.07 points; the Tel Aviv 100 Index fell 0.52% to 1,267.26 points; and the BlueTech Index fell 0.06% to 342.81 points. The TelBond 20 corporate bond index rose 0.09% to 323.78 points. Trading turnover was NIS 1.44 billion. The Tel Aviv 25 Index was down 1.1% for the week and has fallen 5% since the start of the year, after rising 4% in 2015.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.312% from yesterday's rate at NIS 3.828/$, and the representative shekel-euro rate was set up 0.528% at NIS 4.244/€.

On the market, the banks were in negative territory today. Bank Leumi (TASE: LUMI) fell 1.44% and Bank Hapoalim (TASE: POLI) fell 1.37%. Israel Discount Bank (TASE: DSCT) fell 1.41%, Mizrahi Tefahot Bank (TASE:MZTF) fell 1.39% and First International Bank of Israel (TASE: FTIN) fell 1.52%.

Israel Chemicals (TASE: ICL: NYSE: ICL) fell 3.55% for the biggest fall on the Tel Aviv 25 Index today and parent company Israel Corporation (TASE: ILCO) fell 3.40%. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.40% and Mylan N.V. (Nasdaq: MYL; TASE: MYL) fell 2.18%.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 6.23% for the biggest rise on the Tel Aviv 25 Index after reporting positive second quarter financials and raising its guidance for the third quarter. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.62% on the day's biggest trading turnover, after the regulator cleared its $40 billion acquisition of Actavis. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.89%.

Published by Globes [online], Israel business news - www.globes-online.com - on July 28, 2016

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

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