Tue: Delek drags market down

Delek and its energy units declined today but both Bank Leumi and Hapoalim gained ground.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.80% to 1,630.75 points, the Tel Aviv 100 Index fell 0.63% to 1,424.16 points, and the BlueTech 50 Index fell 1.25% to 366.35 points. Turnover was NIS 1 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.879/$, down 0.283% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.316/€, down 0.328%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.33%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.12%, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 0.21% and Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 2.58%. Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.24%.

Delek Group Ltd. (TASE: DLEKG) fell 1.43% and its energy production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 1.23% and 2.23% respectively.

Melisron Ltd. (TASE: MLSR) rose 2.21% for the biggest rise on the Tel Aviv 25 Index and Bank Leumi (TASE: LUMI) rose 0.80% on the day's largest trading turnover. Bank Hapoalim (TASE: POLI) rose 0.90% and Mizrahi Tefahot Bank (TASE:MZTF) rose 0.80% but Israel Discount Bank (TASE: DSCT) fell 0.91%.

Published by Globes [online], Israel business news - www.globes-online.com - on May 5, 2015

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

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