Sun: Leviathan partners lift TASE

Delek and its energy units, and Ratio rose sharply on expectations of an antitrust compromise.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.27% to 1,459.56 points, the Tel Aviv 100 Index rose 0.34% to 1,275.65 points, and the BlueTech 50 Index rose 1.25% to 325.24 points. Turnover was NIS 995 million.

In the foreign currency market, futures trading pointed to a 0.93% rise in the shekel-dollar representative exchange rate compared with Friday's rate to NIS 4/$, and a 0.51% rise in the shekel-euro representative exchange rate to NIS 4.487/€.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.13%.

In the stock market, Delek Group Ltd. (TASE: DLEKG) rose 4.1% on expectations that a compromise will be reached on the Leviathan, Tamar antitrust issue. Avner Oil and Gas LP (TASE: AVNR.L) rose 7.98% and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 8.51% for the largest rise on the Tel Aviv 25 Index. Ratio Oil Exploration (1992) LP (TASE:RATI.L) rose 7.72%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.91% on the day's largest trading turnover, while Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 2.03% and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 5.48%.

Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 3.18% for the largest fall on the Tel Aviv 25 Index and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.85%.

Kenon Holdings Ltd (TASE:KEN: NYSE: KEN-WI) rose 2.90% but parent company Israel Corporation (TASE: ILCO) fell 2.62%.

Mobile carriers Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) resumed their slide falling 4.88% and 3.07% respectively.

Published by Globes [online], Israel business news - www.globes-online.com - on January 25, 2015

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

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