Tue: Security tensions stymie market

Mobile operators Cellcom and Partner were the biggest losers on the Tel Aviv 25 Index.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.29% to 1,384.22 points, the Tel Aviv 100 Index fell 0.17% to 1,250.86 points, but the BlueTech 50 Index rose 0.43% to 323.17 points. Turnover was NIS 727.9 million.

The TASE feel today in thin trading due to the security tensions despite rises in Europe 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 3.426/$, down 0.349% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.692/€, down 0.32%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. However, the corporate bond benchmark Tel-Bond 20 Index rose 0.04%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) bucked the market rising 0.55% on the day's second largest trading turnover. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.47% on day's biggest trading volume.

The biggest decliners on the Tel Aviv 25 Index were mobile operators Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR), which fell 1.55% and 1.45% respectively.

The biggest gains were recorded by Paz Oil Company Ltd. (TASE:PZOL), which rose 0.85% and Bank Hapoalim (TASE: POLI), which rose by 0.76%.

Published by Globes [online], Israel business news - www.globes-online.com - on July 1, 2014

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

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