The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index dipped 0.09% to 1,206.41 points, the Tel Aviv 100 Index fell 0.22% to 1,066.89 points, and the BlueTech 50 Index fell 0.53% to 338.01 points. Turnover was NIS 1.08 billion.
The leading TASE indices fell slightly today, following yesterday's drop, in line with losses on European markets and a mixed opening on Wall Street.
In the bond market, long-term Shahar unlinked shekel government bonds rose by up to 0.5% and long term CPI-linked bonds rose by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index rose 0.03%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.865/$, up 0.08% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.974/€, down 0.40%.
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell another 3.8%, for the biggest loss among Tel Aviv 25 shares, but its high-tech peers EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) corrected upwards 1.3% and 0.3%, respectively.
Oil and gas exploration companies continued to gain ground, with Tamar and Leviathan partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) both up 2%, while their parent company Delek Group Ltd. (TASE: DLEKG) rose 1.2%.
Israel Chemicals Ltd. (TASE: ICL) rose 0.5% on the day's biggest turnover of NIS 110 million, but it parent company, Israel Corporation (TASE: ILCO) fell another 1.7%.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.5%, despite announced that it expects to publish positive results of a study on a new dosage of Copaxone.
Israel Discount Bank (TASE: DSCT) rose 2.1% and Bank Hapoalim (TASE: POLI) rose 1.4%, but Bank Leumi (TASE: LUMI) fell 0.4% and Mizrahi Tefahot Bank (TASE:MZTF) fell 0.3%.
Elsewhere in the market, IDB Holding Corp. Ltd. (TASE:IDBH) rose 5.4% and subsidiary Discount Investment Corporation (TASE: DISI) rose 6% following reports that York Capital Management has bought up 20% of the bonds of IDB Development Corporation, through which IDB Holding controls Discount Investment.
Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) corrected up 3.8%, after falling 4% over the past week and 40% over the past six months.
Published by Globes [online], Israel business news - www.globes-online.com - on October 10, 2012
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