Tue: Continued Teva rise lifts TASE

Teva again rose strongly but Perrigo fell and Delek was down on delays to concluding new gas guidelines.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.73% to 1,710.32 points, the Tel Aviv 100 Index rose 0.64%, to 1,476.85 points and the BlueTech Index rose 0.11%, to 357.92 points. The TelBond 20 corporate bond index fell 0.18%, to 320.96 points. Turnover totaled NIS 1.52 billion.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate down 0.841% from yesterday's rate at NIS 3.774/$, and the representative shekel-euro rate was set 1.203% lower, at NIS 4.164/€.

On the market, Teva continued yesterday's strong gains by rising a further 2.84% for the biggest rise on the Tel Aviv 25 Index on by fat the day's largest trading turnover. Bank Hapoalim (TASE: POLI) rose 2.11% and Bank Leumi (TASE: LUMI) rose 1.05%.

Other strong gainers included Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ), which rose 1.59%, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE), which rose 2.43%.

The ongoing uncertainty on the government's natural gas roadmap agreement pushed down Delek Group Ltd. (TASE: DLEKG) 2.10%. Its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 2.10% and 1.97% respectively. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.48% for the biggest fall on the Tel Aviv 25 Index today.

Published by Globes [online], Israel business news - www.globes-online.com - on July 28, 2015

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

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