Tue: TASE record-breaking rally halted

Ormat Technologies gave up some recent gains, Teva fell but Tower rose strongly.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.59% to 1,526.59 points, the Tel Aviv 100 Index fell 0.36% to 1,355.35 points, but the BlueTech 50 Index rose 0.07% to 375.02 points. Turnover was NIS 1.49 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.987/$, up 0.025% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.452/€, down 0.581%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.16%.

In the stock market, Kenon Holdings Ltd. (NYSE: KEN; TASE: KEN) rose 5.64% for the largest rise on the Tel Aviv 25 Index. Delek Group Ltd. (TASE: DLEKG) rose 1.14%, Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 1.45%, and Israel Discount Bank (TASE: DSCT) rose 1.67%.

Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell 1.23% on the day's largest trading turnover and Ormat Technologies Inc. (NYSE: ORA; TASE: ORMT) fell 3.12% for the biggest fall on the Tel Aviv 25 Index. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 2.31%.

Outside the Tel Aviv 25 Index, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 6.42% after announcing a major deal with Intel.

Published by Globes [online], Israel business news - www.globes-online.com - on March 3, 2015

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

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