The Tel Aviv Stock Exchange (TASE) fell sharply today with energy stocks faring worst as the marketed reacted to the news of Egypt's huge gas find. The Tel Aviv 25 Index fell 1.66% to 1,578.48 points, the Tel Aviv 100 Index fell 1.50%, to 1,386.63 points and the BlueTech Index fell 0.60%, to 316.70 points. The TelBond 20 corporate bond index fell 0.33% to 342.37 points. Turnover totaled NIS 1.997 billion.
The Tel Aviv 25 Index fell 6.5% in August.
On the foreign exchange market, the Bank of Israel set the shekel-dollar representative rate up 0.204% from Friday's rate at NIS 3.93/$, and the representative shekel-euro rate was set down 0.562%, at NIS 4.404/€.
On the market, Delek Group Ltd. (TASE: DLEKG) fell 11.90% and its energy production and exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 15.93% and 15.12% respectively - the former was the biggest fall on the Tel Aviv 25 Index on the day's biggest trading turnover. Tamar partner Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 8.75% and Leviathan partner Ratio Oil Exploration (1992) LP (TASE:RATI.L) fell 23.19%.
Elsewhere, Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.56% and Bank Leumi (TASE: LUMI) fell 2.05%.
Few shares rose today. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.73% for the biggest rise on the Tel Aviv 25 Index, while Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.16%, and Paz Oil Company Ltd. (TASE:PZOL) rose 0.42%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.01% after publishing its second quarter financials.
Published by Globes [online], Israel business news - www.globes-online.com - on August 31, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015