The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.38% to 1,388.93 points, the Tel Aviv 100 Index rose 0.56% to 1,250.05 points, and the BlueTech 50 Index rose 0.82% to 310.69 points. Turnover was NIS 1.111 billion.
The TASE rose in line with rises on European markets and at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.572/$, up 0.819% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.716/€, up 0.838%.
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 0.21%.
In the stock market, the gains were led by the energy exploration companies with Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) up 2.44% for the largest rise on the Tel Aviv 25 Index and Delek Group Ltd. (TASE: DLEKG) units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) up 1.44% and 1.65% respectively.
It was also a good day for the telecom operators with Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) up 2.05%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) up 2.06% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) up 0.42%.
Elsewhere in the market Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.59%.
On the negative side Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.58% for the biggest loss on the Tel Aviv 25 Index on the day's largest trading turnover, and Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 0.56%.
Published by Globes [online], Israel business news - www.globes-online.com - on August 26, 2014
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