Mon: TASE flat on thin trading

First International Bank fell following a FIBI selloff but Ormat and Opko gained ground.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.08% to 1,446.41 points; the Tel Aviv 100 Index fell 0.30%, to 1,271.82 points; and the BlueTech Index fell 0.19% to 350.75 points. The TelBond 20 corporate bond index fell 0.02% to 323.50 points. Trading turnover was NIS 855.2 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.906% today compared with Friday's rate at NIS 3.788/$, and the representative shekel-euro rate was set down 0.031% at NIS 4.237/€.

On the market, First International Bank of Israel (TASE: FTIN) fell 1.43% for the biggest fall on the Tel Aviv 25 Index after Australia's Liberman family sold a 4% stake in parent company FIBI. Melisron Ltd. (TASE: MLSR) fell 1.27% and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.30%.

Bank Hapoalim (TASE: POLI) fell 0.25% on the day's biggest trading turnover, while Bank Leumi (TASE: LUMI) rose 0.42%.

Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) rose 1.48% for the biggest rise on the Tel Aviv 25 Index today, and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 1.02%.

Published by Globes [online], Israel business news - www.globes-online.com - on August 29, 2016

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

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