The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.59% to 1,223.96 points, the Tel Aviv 100 Index rose 0.45% to 1,084.70 points, and the BlueTech 50 Index rose 0.05% to 330.30 points. Turnover was NIS 744.9 million.
The TASE rose today, despite losses on European markets and a mixed opening on Wall Street.
The TASE reported today that the average daily turnover was NIS 1.3 billion in October, 13% above the daily average in September, and 19% above the average since the beginning of the year. The Financial Index and Oil and Gas Index stood out, both rising 13% in October.
In the bond market, long-term Shahar unlinked shekel government bonds rose by up to 0.1% and long-term Galil CPI-linked government bonds ranged between losses of 0.1% and gains of 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.05%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.904/$, up 0.51% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.987/€, down 0.29%.
In the stock market, Perrigo Company (Nasdaq:PRGO; TASE:PRGO) rose 0.5%, ahead of the publication of its financials on Wednesday. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.5%.
Banks stood out today, led by a 2.7% rise by Mizrahi Tefahot Bank (TASE:MZTF) for the biggest among Tel Aviv 25 shares. Bank Hapoalim (TASE: POLI) rose 2.4% and Bank Leumi (TASE: LUMI) and Israel Discount Bank (TASE: DSCT) both rose 2.1%.
Israel Chemicals Ltd. (TASE: ICL) fell 0.5% on the day's biggest turnover of NIS 69 million.
Telcos corrected upward today, with Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) up 1.3%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) up 0.2%, and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) up 0.1%.
Energy exploration companies fell today, led by a 2.1% drop by Tamar partner Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) for the biggest loss among Tel Aviv 25 shares. Leviathan and Tamar partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 0.6% and 0.8%, respectively, and their parent company, Delek Group Ltd. (TASE: DLEKG), fell 0.8%.
Elsewhere in the market, IDB Holding Corp. Ltd. (TASE:IDBH) rose 1.7% and its bonds rose by up to 10.1%, following reports that it might mortgage its option on Koor Industries Ltd. (TASE:KOR) and Makhteshim Agan Industries Ltd. to KKR & Co. LP (NYSE: KKR) to secure a loan. IDB subsidiary Discount Investment Corporation (TASE: DISI) rose 6.2%.
AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC) rose a further 9.4%, after publishing its financials, after rising 15.4% yesterday.
Published by Globes [online], Israel business news - www.globes-online.com - on November 5, 2012
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