Mon: Israel Chemicals falls further

Israel Chemicals and parent company Israel Corp. fell again while Teva rose again.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.12% to 1,457.80 points, the Tel Aviv 100 Index fell 0.13% to 1,306.89 points, and the BlueTech 50 Index fell 0.24% to 312.56 points. Turnover was NIS 1.17 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.686/$, up 0.765% on last Tuesday's rate before the Rosh Hashanah Jewish New Year holiday, and set the shekel-euro representative exchange rate at NIS 4.682/€, down 0.654%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.02%.

In the stock market, Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) fell 1.5% on the day's largest trading turnover, following yesterday's sharp fall. Parent company Israel Corporation (TASE: ILCO) fell 0.72%.

It was a bad day again for telecom operators. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2.23% for the largest fall on the Tel Aviv 25 Index. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 1.85% and 2.01% respectively.

On the positive side, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.58% after yesterday's strong rise, and Paz Oil Company Ltd. (TASE:PZOL) rose 2.46% for the largest rise on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on September 29, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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