The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.5% to 1,297.61 points, the Tel Aviv 100 Index fell 0.5% to 1,198.7 points, and the Tel-Tech Index fell 0.5% to 240.05 points. Turnover was NIS 1.79 billion.
After two record-setting days, the TASE dropped back a bit today. Trading took place ahead of the CPI report for November this evening.
In the government bond market, long-term Shahar bonds fell by up to 0.1%, and long term CPI-linked Galil bonds fell by up to 0.3%. The corporate bond benchmark Tel-Bond 60 Index fell 0.2%.
Israel Corporation (TASE: ILCO) fell 3.8% on higher than usual turnover of NIS 144 million. Controlling shareholder Idan Ofer loaned about 1.4% of his shares to Morgan Stanley for $100 million in credit.
Subsidiary Israel Chemicals Ltd. (TASE: ICL) had the highest turnover on the stock exchange today, at NIS 145 million, ending the day 0.4% lower.
Defense electronics company Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.8% after reporting this morning that a US subsidiary bought an aircraft maintenance firm for $85 million.
Investment house Leader began coverage today of the natural gas sector, with "Market return" ratings on Delek Drilling LP (TASE: DEDR.L), which fell 2.5%, Avner Oil and Gas LP (TASE: AVNR.L), which fell 1.6%, and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), which rose 2.4%.
Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.4%, and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 0.3%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 15, 2010
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