Tue: TASE bounces back

Israel Chemicals led the market gains with Ormat Technologies, Bank Leumi and Bank Hapoalim also rising strongly.

The Tel Aviv Stock Exchange (TASE) rose sharply today, in line with rises on global stock markets in recent days, as it reopened after being closed since Thursday due to the Simchat Torah holiday - the Tel Aviv 25 Index rose 1.67% to 1,513.47 points, the Tel Aviv 100 Index rose 1.65%, to 1,322.01 points and the BlueTech Index rose 1.64%, to 326.98 points. The TelBond 20 corporate bond index fell 0.01%, to 313.17 points. Turnover totaled NIS 1.17 billion.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate down 1.249% from last Friday's rate at NIS 3.874/$, and the representative shekel-euro rate was set down 0.79%, at NIS 4.347/€.

In the market, Israel Chemicals (TASE: ICL: NYSE: ICL) rose 5.04% for the biggest rise on the Tel Aviv 25 Index. Parents company Israel Corporation (TASE: ILCO) rose 3.66% and Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) rose 5.01%.

Bank Leumi (TASE: LUMI) rose 3.36% and Bank Hapoalim (TASE: POLI) rose 2.90% but Mizrahi Tefahot Bank (TASE:MZTF) fell 0.87%, one of only three shares on the Tel Aviv 25 Index to fall.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.27% on the day's biggest trading turnover and Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 0.68%.

Azrieli Group Ltd. (TASE: AZRG) fell 1.35% for the biggest fall on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on October 6, 2015

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

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