The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 2.56% to 1,122.52 points, the Tel Aviv 100 Index rose 2.37% to 1,002.66 points, and the BlueTech 50 Index rose 1.84% to 243.51 points. Turnover was NIS 992.1 million.
The TASE rose strongly across the board, albeit in thin trading. Futures contracts pointed to gains at the opening on Wall Street, which materialized.
Clal Finance warned today that, since 1950, September has been the worst month of the year for the TASE, and that this September is liable to be worse than usual. The investment house cited the probable UN declaration of an independent Palestinian state, another monetary expansion plan by the US Federal Reserve, and a vote by Germany's Bundestag whether to finance the Greek bailout, among events to watch out for.
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 0.4%. The corporate bond benchmark Tel-Bond 20 Index rose 0.34%.
In the foreign currency market, the shekel-dollar representative exchange rate fell 0.55% to NIS 3.6066/$, and the shekel-euro representative exchange rate fell 0.15% to NIS 5.227/€.
In the stock market, 23 Tel Aviv 25 share rose: Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) which ended the day unchanged, and Makhteshim Agan Industries Ltd. (TASE: MAIN), which fell 0.2%, were the holdouts.
The index's three holding companies pulled the market upwards today. Israel Corporation (TASE: ILCO) rose 4.1% and Delek Group Ltd. (TASE: DLEKG) rose 3.7%, while IDB Holding Corp. Ltd. (TASE:IDBH) unit Discount Investment Corporation (TASE: DISI) rose 6.3% for the day's biggest gain. Discount Investment subsidiary Koor Industries Ltd. (TASE:KOR), which is on the Tel Aviv 100 Index, rose 6.5%.
Delek units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 3.4% and 3.3%, respectively, after announcing the start of drilling in the Dolphin 1 prospect near Leviathan. Their Israeli partner in Dolphin, Ratio Oil Exploration (1992) LP (TASE:RATI.L), which is on the Tel Aviv 100 Index, rose 4.5%.
Bank shares continued to climb today. A 3.3% gain on the day's biggest turnover of NIS 60 million by Bank Hapoalim (TASE: POLI) and 3% gain by Bank Leumi (TASE: LUMI) boosted the Banking Index 3.2%.
Africa-Israel Investments Ltd. (TASE:AFIL) rose 5.6% after publishing its financials. Delek Real Estate Ltd. (TASE: DLKR) rose 10.5% after disclosing the potential buyer for the company.
Published by Globes [online], Israel business news - www.globes-online.com - on August 29, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011 Barak: We're on very high alert Yuval Azoulai "We're nearly at the beginning of September, and the Israel Security Agency, the Israel Police, and the IDF will be ready not to allow terrorists to disrupt people's routines in Tel Aviv and other cities. We're on high alert in the south against a possible attack similar to the attack ten days ago," said Minister of Defense Ehud Barak in response to today's rocket fire, which wounded eight people and the stabbing outside a club in Tel Aviv.
Barak visited the Elta Systems plant in Ashdod, which manufactures the radar system for the Iron Dome anti-rocket platform. He said that the third Iron Dome battery would be deployed at Ashdod within ten days to protect the city. He said that Israel would have thousands of interceptor missiles.
Published by Globes [online], Israel business news - www.globes-online.com - on August 29, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011