Wed: Tel Aviv 25 closes one point below record
On a short trading day, Israel Chemicals and parent company Israel Corp. led the rises but Teva fell 1.9%.
The Tel Aviv 25 Index is now just one point below its all-time high. The market closed at 2:45 pm, and will close at the same time tomorrow, for the Passover holiday.
In the bond market, both long-term Shahar unlinked government bonds and long-term Galil CPI-linked bonds rose by up to 0.3%. The corporate bond benchmark Tel-Bond 20 Index rose 0.02%.
In the foreign currency market, the shekel-dollar representative exchange rate rose 0.23% to 3.424/$, and the shekel-euro representative exchange rate fell 0.12% to NIS 4.942/€.
The big five banks were the focus of attention, after Moody's Investment Services downgraded their deposits. Nonetheless, Bank Hapoalim (TASE: POLI) rose 0.8% and First International Bank of Israel (TASE: FTIN), which is on the Tel Aviv 100 Index, rose 0.3%. Bank Leumi (TASE: LUMI) fell 0.1%, Mizrahi Tefahot Bank (TASE:MZTF) fell 1.3%, and Israel Discount Bank (TASE: DSCT) fell 1%.
IDB Holding Corp. Ltd. (TASE:IDBH) holding company Discount Investment Corporation (TASE: DISI) rose 0.4% after announcing a debt settlement with Bank Hapoalim and Vladimir Gusinski, ahead of its pending acquisition of control of Ma'ariv Holdings Ltd. (TASE: MARV-M).
Published by Globes [online], Israel business news - www.globes-online.com - on April 20, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
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