Thu: Tel Aviv 25 up 0.6% for week

Teva lost ground on profit taking as the TASE fell but Israel Chemicals bucked the market.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.30% to 1,712.61 points, the Tel Aviv 100 Index fell 0.32%, to 1,478.61 points and the BlueTech Index fell 0.06%, to 356.86 points. The TelBond 20 corporate bond index rose 0.04%, to 319.83 points. Turnover totaled NIS 2.11 billion.

The Tel Aviv 25 Index rose 0.6% on the week, after rising 0.5% last week, and 16.9% since the beginning of the year.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate down 0.026% from yesterday's rate at NIS 3.781/$, and the representative shekel-euro rate was set down 0.999%, at NIS 4.143/€.

In the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.4% on profit taking on the day's biggest trading volume, after its strong gains earlier in the week following its $40.5 billion acquisition of Allergen's generic division. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) fell 1.61% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.61%.

Delek Group Ltd. (TASE: DLEKG) fell 0.62% and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 0.77% and 0.10%, respectively.

Gaining ground today were Azrieli Group Ltd. (TASE: AZRG), which rose 3.37% for the biggest rise on the Tel Aviv 25 Index, and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), which rose 1.96%. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 2.76% and parent company Israel Corporation (TASE: ILCO) rose 2.7%.

Published by Globes [online], Israel business news - www.globes-online.com - on July 30, 2015

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

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018