The Tel Aviv Stock Exchange (TASE) was little changed today. The Tel Aviv 25 Index was unchanged at 1,314.40 points, the Tel Aviv 100 Index fell 0.1% to 1,214.42 points, and the Tel-Tech Index fell 0.5% to 246.51 points. Turnover was NIS 2.3 billion.
Meitav Investment House Ltd. said today that it expects the Bank of Israel to leave the interest rate unchanged at its upcoming decision next week. Not raising the interest rate can support the stock market.
Oil and gas exploration shares attracted investor attention today, after Clal Finance Ltd. (TASE:CLFN) cut its recommendation on Ratio Oil Exploration (1992) LP (TASE:RATI.L) to "Market return" from "Outperform", and cuts Delek Drilling LP (TASE: DEDR.L) and Avner Oil and Gas LP (TASE: AVNR.L) to "Outperform" from "Buy". Ratio ended the day down 0.9%, Avner fell 1.9%, and Delek Drilling fell 1.7%.
Israel Chemicals Ltd. (TASE: ICL) rose 3.2% on the day's highest turnover, whole Paz Oil Company Ltd. (TASE:PZOL) fell 2.1%.
Allot Communications Ltd. (Nasdaq:ALLT) began trading on the TASE today and got off to a good start, rising 6.8%. The company listed for TASE trading and is now dual-listed, after several years of trading on Nasdaq.
In the bond market, long-term Shahar shekel bonds were mostly unchanged, and long-term Galil CPI-linked bonds fell around 0.1%. The corporate bond benchmark Tel-Bond 60 Index fell 0.2%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 21, 2010
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