Mon: Bezeq boosts TASE back up near record

Bezeq, Frutarom and Discount Bank put the Tel Aviv 25 Index within touching distance of last week's record.

The Tel Aviv Stock Exchange (TASE) rose today to within toughcing distance of last week's record. The Tel Aviv 25 Index rose 0.14% to 1,619.94 points, the Tel Aviv 100 Index rose 0.22% to 1,414.19 points, but the BlueTech 50 Index fell 0.26% to 377.30 points. Turnover was NIS 1.64 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.971/$, down 0.050% on the rate set last Friday, and set the shekel-euro representative exchange rate at NIS 4.302/€, down 0.394%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.26%.

In the stock market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.53% and Israel Discount Bank (TASE: DSCT) rose 2.18%. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 2.80% for the largest rise on the Tel Aviv 25 Index.

Delek Group Ltd. (TASE: DLEKG) fell 1.04% and Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 1.7%. Israel Chemicals (TASE: ICL: NYSE: ICL) was down 0.71% and parent company Israel Corporation (TASE: ILCO) fell 2.64% for the biggest decline on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on March 30, 2015

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

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