Mon: Banks lift market

Leumi and Hapoalim rose strongly but Israel Chemicals slipped as its employees strike continues.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.70% to 1,679.46 points, the Tel Aviv 100 Index rose 0.63% to 1,466.51 points, and the BlueTech 50 Index rose 1.22% to 381.74 points. Turnover was NIS 1.57 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.925/$, down 0.102% on last Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.217/€, down 0.610%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index rose 0.11%.

In the stock market, Bank Leumi (TASE: LUMI) rose 3.54% for the biggest rise on the Tel Aviv 25 Index and Bank Hapoalim (TASE: POLI) rose 1.95% after the Supervisor of Banks gave permission for it to distribute a dividend of 20% on profits, up from 15% last year.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.60% on the day's highest trading volume and Delek Group Ltd. (TASE: DLEKG) rose 2.66%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2.44% and Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) rose 2.86%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.17%, Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.51%, and Paz Oil Company Ltd. (TASE:PZOL) fell 2.64% for the biggest fall on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on April 20, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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