Mon: Israel Chemicals pushes market down from record

Israel Chemicals fell over 3% but parent company Israel Corp was up 1.5%.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.27% to 1,452.19 points, the Tel Aviv 100 Index fell 0.14% to 1,305.20 points, and the BlueTech 50 Index fell 0.60% to 315.61 points. Turnover was NIS 1.24 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.658/$, up 0.412% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.697/€, up 0.004%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.12%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) is having a volatile week ahead of its NYSE offering on Wednesday. After yesterday's strong gains, the share fell 3.06% today for the largest fall on the Tel Aviv 25 Index on the day's biggest trading turnover. However, parent company Israel Corporation (TASE: ILCO) rose 1.5%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.47%. But decliners included Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) down 1.87%, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) down 2.29%, Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT) down 1.63%, Osem Investments Ltd. (controlled by Nestl? SA (SWX:NESN)) (TASE: OSEM) down 1.73%, and Opko Health Inc. (NYSE: OPK; TASE: OPK) down 2.43%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 22, 2014

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

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