Wed: TASE in doldrums

Cellcom was boosted by the near-sale of Golan Telecom while Israel Corp. and Israel Chemicals led the declines.

The Tel Aviv Stock Exchange was flat today on thin trading. The Tel Aviv 25 Index rose 0.02% to 1,439.53 points; the Tel Aviv 100 Index rose 0.03% to 1,262.16 points; and the BlueTech Index rose 0.08% to 354.93 points. The TelBond 20 corporate bond index fell 0.12% to 319.95 points. Trading turnover was NIS 914.2 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.053% from yesterday's rate at NIS 3.778/$, and the representative shekel-euro rate was set down 0.301% at NIS 4.211/€.

On the market, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 3.80% on news that it had concluded a network sharing deal with Golan Telecom's suitors. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 1.78% for the biggest rise on the Tel Aviv 25 index. Mizrahi Tefahot Bank (TASE:MZTF) rose 1.29% after raising a bond and Bank Hapoalim (TASE: POLI) rose 0.99% on the day's biggest trading turnover and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.93%.

Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.44% and parent company Israel Corporation (TASE: ILCO) fell 2.38% for the biggest fall on the Tel Aviv 25 index.

Delek Group Ltd. (TASE: DLEKG) fell 1.38%, Paz Oil Company Ltd. (TASE:PZOL) fell 1.22% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.01%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.26%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 21, 2016

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

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