The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.90% to 1,401.83 points, the Tel Aviv 100 Index rose 1.11% to 1,265.13 points, and the BlueTech 50 Index rose 2.0% to 327.02 points. Turnover was NIS 526.8 million.
The TASE rose in line with Friday's gains on Wall Street and on some European markets. The Tel Aviv 25 Index rose 0.8% last week.
In the foreign currency market, options point to a 0.34% drop in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.478/$, and to a 0.20% drop in the shekel-euro exchange rate to NIS 4.744/€.
In the bond market, government Shahar unlinked shekel bonds and CPI-linked Galil bonds were mixed. The corporate bond benchmark Tel-Bond 20 Index fell 0.07%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.8%, on the day's biggest turnover of NIS 51.9 million, despite the expiry of its Copaxone patents in the US. Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 2.8% and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 4.4% for the biggest gain among Tel Aviv 25 shares.
Paz Oil Company Ltd. (TASE:PZOL) fell 1.1% for the biggest loss among Tel Aviv 25 shares.
Elsewhere in the market, Ham-Let (Israel-Canada) Ltd. (TASE: HAML) rose 5.6%, after reporting 247% net profit growth to $2.5 million for the first quarter. InsuLine Medical Ltd. (TASE: INSL) rose 11.9%, after announcing the expansion of its business in Germany. ALD Advanced Logistics Development Ltd. (TASE: ALD) fell 6.3%, after a European customer decided to review the terms of a contract. NextGen Biomed Ltd. (TASE: NXGN) rose 8.1%, after obtaining an Israeli patent for its dermatology product.
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2014
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