Thu: Tel Aviv 25 up 2.2% for week

It was a positive week for stocks, aided by an interest rate cut, but Africa Israel fell sharply today after its profit warning.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 0.63%, to 1,517.94 points; the Tel Aviv 100 Index rose 0.60%, to 1,343.78 points; and the BlueTech Index rose 0.75%, to 372.22 points. The TelBond 20 corporate bond index fell 0.09%, to 324.75 points. Turnover totaled NIS 2 billion.

For the week, the Tel Aviv 25 Index rose 2.2%, making it a 3.6% rise year-to-date.

On the foreign exchange market, the shekel strengthened against the major currencies. The representative shekel-dollar rate was set 0.13% lower, at NIS 3.9930 points, and the shekel-euro rate was set 0.04% lower, at NIS 4.4654/€.

Bank Leumi was today's most heavily traded stock, and made a strong comeback after falling yesterday following its profit warning, with a 2.52% rise. Teva rose 0.99%, Bank Hapoalim fell 0.77%, Bezeq rose 1.35%, and Discount Bank rose 0.68%.

Today's most notable decliner was Africa Israel, which fell 3.07% after warning of a large loss in the fourth quarter of 2014.

Published by Globes [online], Israel business news - www.globes-online.com - on February 26, 2015

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

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