Wed: Delek drags market down

Delek fell after reporting its first quarter financials but Leumi and Hapoalim rose strongly.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.23% to 1,686.78 points, the Tel Aviv 100 Index fell 0.26% to 1,461.26 points, and the BlueTech 50 Index fell 0.51% to 370.82 points. Turnover was NIS 1.32 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate unchanged from yesterday's rate at NIS 3.875/$, and set the shekel-euro representative exchange rate at NIS 4.216/€, down 0.388%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.06%.

In the stock market, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.34% and Azrieli Group Ltd. (TASE: AZRG) fell 1.06% on the day's biggest trading turnover.

Delek Group Ltd. (TASE: DLEKG) fell 1.29% after reporting its first quarter financials and its energy units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 1.10% and 1.85% respectively, the latter being the biggest fall on the Tel Aviv 25 Index. However, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) rose 1.68%.

It was a good day for the banks with Bank Hapoalim (TASE: POLI) up 2.05% for the biggest rise on the Tel Aviv 25 Index and Bank Leumi (TASE: LUMI) up 1.97%. Mizrahi Tefahot Bank (TASE:MZTF) rose 0.88%.

Published by Globes [online], Israel business news - www.globes-online.com - on May 27, 2015

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

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