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
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