Wed: Delek lifts TASE

Delek and its energy exploration units rose strongly but Teva fell sharply.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.32% to 1,468.20 points, the Tel Aviv 100 Index rose 0.14% to 1,295.90 points, but the BlueTech 50 Index fell 0.15% to 314.86 points. Turnover was NIS 1.42 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.922/$, down 0.330% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.883/€, down 0.808%.

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 1.42%.

In the stock market, Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) rose 2.17% and parent company Israel Corporation (TASE: ILCO) rose 2.25%.

Delek Group Ltd. (TASE: DLEKG) clawed back some of its losses in recent weeks, rising 2.88% for the largest rise on the Tel Aviv 25 Index, while its energy exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 1.83% and 2.1% respectively. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.71%.

In negative territory, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.68% for the largest loss on the Tel Aviv 25 index on the day's largest turnover, while Bank Leumi (TASE: LUMI) fell 1.12%. First International Bank of Israel (TASE: FTIN) fell 1.12% after Israel Discount Bank (TASE: DSCT) sold NIS 100 million of its shares at a 1% discount. Not all banks fell witrh Mizrahi Tefahot Bank (TASE:MZTF) up 2.85%.

Published by Globes [online], Israel business news - www.globes-online.com - on December 17, 2014

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

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