Sun: Dual-listed shares lift market

Opko Health, Ormat Technologies and Elbit Systems were among the day's big gainers.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 1.20% to 1,613.38 points, the Tel Aviv 100 Index rose 0.98% to 1,411.02 points, and the BlueTech 50 Index rose 1.41% to 378.29 points. Turnover was NIS 512.7 million.

In the foreign currency market, futures trading pointed to the shekel-dollar representative exchange rate falling 0.18% from Friday's rate to NIS 3.966/$, and a 0.15% rise in the shekel-euro representative exchange rate to NIS 4.326/€.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index was unchanged.

In the stock market, dual listed companies led the rises. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 3.52%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 3.34%, Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 2.46%, and Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) rose 2.87%. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 1% and parent company Israel Corporation (TASE: ILCO) rose 3.01%.

Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) rose 2.3% after reporting its fourth quarter financials, and Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 3.62% for the largest rise on the Tel Aviv 25 Index.

Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) fell 0.99% for the biggest fall on the Tel Aviv 25 Index, on the day's largest trading turnover.

Published by Globes [online], Israel business news - www.globes-online.com - on March 29, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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