Sun: Israel Chemicals pushes TASE to another record

New Tel Aviv Stock Exchange
New Tel Aviv Stock Exchange

Israel Chemicals, Israel Corp. and Bezeq led the rises on the market today.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.64% to 1,456.15, yet another new record, the Tel Aviv 100 Index rose 0.40% to 1,307.05 points, but the BlueTech 50 Index fell 0.84% to 317.50 points. Turnover was NIS 639.5 million.

The TASE rose today following mixed sessions on European markets and Wall Street on Friday.

In the foreign currency market, futures pointed to a 0.23% rise in the shekel dollar representative rate set by the Bank of Israel on Friday to NIS 3.651/$, and a 0.16% fall in the shekel-euro exchange rate to NIS 4.69/€.

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 0.02%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) led the Tel Aviv 25 Index to a new record with the highest rise of 3.7% on the index on the day's largest trading turnover. Parent company Israel Corporation (TASE: ILCO) rose 2.84%.

There were strong rises for the telecom operators with Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) up 2.81%, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) up 1.22%, and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) up 0.95%.

Delek Group Ltd. (TASE: DLEKG) rose 2.3% but Opko Health Inc. (NYSE: OPK; TASE: OPK) was down 1.21% for the largest fall on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on September 21, 2014

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

New Tel Aviv Stock Exchange
New Tel Aviv Stock Exchange
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