Mon: Banks boost TASE

Bank Leumi, Delek and Paz led the day's gains as Gazit-Globe and Azrieli continued to fall.

The Tel Aviv Stock Exchange rose today on thin trading with stock markets in Europe and on Wall Street closed for a public holiday. The Tel Aviv 25 Index rose 0.86% to 1,447.46 points; the Tel Aviv 100 Index rose 0.83%, to 1,254.63 points; and the BlueTech Index rose 0.15% to 330.95 points. The TelBond 20 corporate bond index fell 0.01% to 318.21 points. Trading turnover was NIS 896 million.

On the foreign currency market, the Bank of Israel left the shekel-dollar representative rate at Friday's rate of NIS 3.845/$, and the representative shekel-euro rate at NIS 4.299/€ as the banks were closed in Europe and the US.

On the market, Bank Leumi (TASE: LUMI) rose 2.48% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 1.60%, Israel Discount Bank (TASE: DSCT) rose 1.78%, Mizrahi Tefahot Bank (TASE:MZTF) rose 1.89% and First International Bank of Israel (TASE: FTIN) rose 2.48%.

Paz Oil Company Ltd. (TASE:PZOL) rose 2.73% for the biggest rise on the Tel Aviv 25 Index. Delek Group Ltd. (TASE: DLEKG) rose 2.68% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.37%.

Only three shares fell on the Tel Aviv 25 Index today. Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 1.18% for the biggest fall, Azrieli Group Ltd. (TASE: AZRG) fell 1.03%, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.64%.

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

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

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