Thu: Tel Aviv 25 down 5.8% for week

The TASE closed a difficult week with a slight rise today. Leading stock Bank Leumi fell, but there were rises for Teva, Bank Hapoalim, Discount Bank and Perrigo.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 0.34%, to 1,596.56 points; the Tel Aviv 100 Index rose 0.56%, to 1,398.35 points; and the BlueTech Index rose 1.74%, to 337.41 points. The TelBond 20 corporate bond index rose 0.43%, to 314.44 points. Turnover totaled NIS 2.55 billion.

For the week, the Tel Aviv 25 Index fell 5.8%. It is up 9% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.18% higher, at NIS 3.9280/$, and the representative shekel-euro rate was set 0.94% lower, at NIS 4.4327/€.

There have been sharp rises on stock markets around the world today, following a report by Bloomberg that the Chinese government had bought stocks in advance of a military parade on September 3 to commemorate the victory over Japan in the Second World War. The report explains a sudden rise in the Shanghai Stock Exchange in the last 46 minutes of trading.

European stock markets also rose today, and on Wall Street the S&P 500 is up by more than 2%. The price of oil also rebounded to around $40 a barrel.

Locally, Bank Leumi was today's leading stock, falling 0.82%. Teva rose 0.55%, Bank Hapoalim rose 0.35%, Discount Bank rose 0.33%, and Perrigo rose 3.18%. Tower Semiconductor rose 3.81%, while among the decliners telecommunications stocks Cellcom and Partner were notable, falling 4.66% and 5.27% respectively. Frutarom fell 5.55%.

Published by Globes [online], Israel business news - www.globes-online.com - on August 27, 2015

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

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