Thu: Tel Aviv 25 Index down 0.4% for week

Bank Leumi, Mizrahi-Tefahot Bank and Israel Chemicals led the losses today as the Yemen conflict hit world markets.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 1.07% to 1,594.18 points, the Tel Aviv 100 Index fell 0.98% to 1,397.37 points, and the BlueTech 50 Index fell 1.80% to 373.02 points. Turnover was NIS 2.5 billion.

The Tel Aviv 25 Index was down 0.4% this week but is up 8.8% since the start of the year.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.944/$, down 0.101% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.341/€, up 0.122%.

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

In the stock market, the tensions in Yemen caused big falls on global markets. All the shares on the Tel Aviv 25 Index fell except Paz Oil Company Ltd. (TASE:PZOL), which rose 0.52% and First International Bank of Israel (TASE: FTIN), which rose 0.26%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.04% on the day's biggest trading turnover.

Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 3.50% for the biggest fall on the Tel Aviv 25 Index and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.16%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.45% after reporting its fourth quarter financials.

Bank Leumi (TASE: LUMI) fell 1.72% and Mizrahi Tefahot Bank (TASE:MZTF) fell 1.52%.

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

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

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