Tue: Bezeq lifts market

Bezeq rose strongly but Delek's energy exploration units sustained large losses.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.17% to 1,446.89 points, the Tel Aviv 100 Index rose 0.06% to 1,284.52 points, and the BlueTech 50 Index rose 0.42% to 306.69 points. Turnover was NIS 1.85 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.863/$, down 0.026% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.804/€, up 0.211%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.01%.

In the stock market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 3.40% for the largest rise on the Tel Aviv 25 Index. Delek Group Ltd. (TASE: DLEKG) energy exploration units had the largest falls with Avner Oil and Gas LP (TASE: AVNR.L) down 3.65% and Delek Drilling Limited Partnership (TASE: DEDR.L) down 3.09%. Delek Group itself only lost 0.08%.

The three largest banks rose today: Bank Hapoalim (TASE: POLI) rose 0.21%, Bank Leumi (TASE: LUMI) rose 1.41% and Israel Discount Bank (TASE: DSCT) rose 1.64%. However, Mizrahi Tefahot Bank (TASE:MZTF) fell 0.49% and First International Bank of Israel (TASE: FTIN) fell 1.56%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.32% on the day's largest trading turnover, while Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) fell 0.30%. On the other hand, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2%.

Published by Globes [online], Israel business news - www.globes-online.com - on November 25, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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