The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 1.38% to 1,314.56 points, the Tel Aviv 100 Index fell 1.26% to 1,195.33 points, and the BlueTech 50 Index fell 1.31% to 288.18 points. Turnover was NIS 3.04 billion.
The Tel Aviv 25 Index was down 2% for the week, 0.5% in April, and 0.9% for the year to date.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.1% and long-term Galil CPI-linked bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.03%.
In the foreign currency market, the shekel-dollar representative exchange rate fell 0.26% to NIS 3.411/$, but the shekel-euro representative exchange rate rose 0.56% to NIS 5.049/€.
In the stock market, Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell 1% on the day's largest turnover of NIS 263 million, to complete a 5% drop for the week.
Bank shares also stood out today, the day after the Bank of Israel announced new mortgage restrictions. Bank Leumi (TASE: LUMI) fell 3.1% and Bank Hapoalim (TASE: POLI) fell 2.5%, pulling the Banking Index down 2.5%.
Israel Chemicals Ltd. (TASE: ICL) fell 1.1%, despite publication of a favorable financial report by rival and shareholder Potash Corporation of Saskatchewan Inc. (NYSE; TSX: POT). Israel Chemicals' parent company, Israel Corporation (TASE: ILCO) fell 3.7%, for the biggest drop among Tel Aviv 25 shares.
Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) fell 6.2%, despite publishing a strong financial report. Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell 4.2% after publishing its financials.
Givot Olam Oil Exploration LP (TASE:GIVO.L) rose 1.6% after an update about its Meged 5 well.
Published by Globes [online], Israel business news - www.globes-online.com - on April 28, 2011
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