Mon: TASE loses ground

Bezeq, Israel Corp and Delek's energy units led the losses as Teva bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.82% to 1,484.28 points; the Tel Aviv 100 Index fell 0.72%, to 1,285.29 points; and the BlueTech Index fell 0.60% to 336.55 points. The TelBond 20 corporate bond index rose 0.09% to 318.19 points. Trading turnover was NIS 514.9 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.266% from Thursday's rate at NIS 3.744/$, and the representative shekel-euro rate was set down 0.298% at NIS 4.249/€.

On the market, only two shares on the Tel Aviv 25 index rose today - Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.35% for the biggest rise on the Tel Aviv 25 Index today on the day's highest trading turnover, and Mizrahi Tefahot Bank (TASE:MZTF) rose 0.45%.

Delek Group Ltd. (TASE: DLEKG) fell 0.88% and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 2.33% and 2.32% respectively - the biggest falls on the Tel Aviv 25 Index today.

Israel Chemicals (TASE: ICL: NYSE: ICL) fell 2.06% and parent company Israel Corporation (TASE: ILCO) fell 2.06%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.29%.

Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.32% and can be expected to fall hard tomorrow after issuing a profit warning after close in trade. The share price was down 9% on Wall Street on the opening. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 1.69% and Strauss Group Ltd. (TASE:STRS) fell 1.80%.

Published by Globes [online], Israel business news - www.globes-online.com - on April 25, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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