Wed: Tel Aviv 25 index up 2.9% in November

Delek and energy stocks rose on hopes of an OPEC agreement while Opko led the declines.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.34% to 1,445.90 points but rose 2.9% in November; the Tel Aviv 100 Index fell 0.27%, to 1,263.79 points; and the BlueTech Index fell 0.44% to 365.42 points. The TelBond 20 corporate bond index was unchanged at 320.40 points. Trading turnover was NIS 2.31 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.234% compared with yesterday's rate at NIS 3.839/$, and the representative shekel-euro rate was set up 0.110% at NIS 4.081/€.

On the market, Delek Group Ltd. (TASE: DLEKG) rose 3.65% for the biggest rise on the Tel Aviv 25 Index on hopes that an energy production agreement would be reached by OPEC. Its exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 1.24% and 1.81% respectively.

Israel Chemicals (TASE: ICL: NYSE: ICL) rose 2.08% and parent company Israel Corporation (TASE: ILCO) rose 3.01%. Azrieli Group Ltd. (TASE: AZRG) rose 1.76%.

Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 2.17% for the biggest fall on the Tel Aviv 25 Index today. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.77% on the day's biggest trading turnover. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.94%, Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 1.69% and Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.97%.

Published by Globes [online], Israel business news - www.globes-online.com - on November 30, 2016

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

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