The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.55% to 1,379.87 points, the Tel Aviv 100 Index fell 0.34% to 1,236.16 points, but the BlueTech 50 Index rose 0.60% to 304.84 points. Turnover was NIS 1.058 billion.
The TASE fell today despite gains on European markets and at the opening on Wall Street. The TASE was dragged down by the latest macroeconomic figures showing a sharp slowdown in growth in the Israeli economy.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.503/$, up 1.038% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.69/€, up 1.163%.
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 0.10%.
In the stock market, Delek Group Ltd. (TASE: DLEKG) led the losses falling 1.98% while its energy exploration units Delek Drilling Limited Partnership (TASE: DEDR.L) fell 2.21% and Avner Oil and Gas LP (TASE: AVNR.L) fell 2.56% for the largest loss on the Tel Aviv 25 Index.
It was a bad day for the banks with Bank Hapoalim (TASE: POLI) down 1.6% on the day's largest trading turnover, Bank Leumi (TASE: LUMI) was down 1.97%, Israel Discount Bank (TASE: DSCT) was down 0.87%, and Mizrahi Tefahot Bank (TASE:MZTF) was down 1.67%.
Bucking the market was Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA), which rose 1.67%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE), which rose 0.9%, and Opko Health Inc. (NYSE: OPK; TASE: OPK), which rose 2.78% for the largest gain on the Tel Aviv 25 Index.
Published by Globes [online], Israel business news - www.globes-online.com - on August 18, 2014
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