The Tel Aviv Stock Exchange (TASE) was flat today. The Tel Aviv 25 Index rose 0.08% to 1,200.33 points, the Tel Aviv 100 Index fell 0.19% to 1,059.37 points, and the BlueTech 50 Index rose 0.04% to 328.21 points. Turnover was NIS 819 million.
After two days of falls, the TASE stopped the slide today. There was a negative opening on Wall Street as global investors wait to see what the US will do about the fiscal cliff.
In the bond market, long-term Shahar unlinked shekel government bonds were unchanged and long-term Galil CPI-linked government bonds moved between falls of 0.1% and rises 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.05%.
In the foreign currency market, despite initial weakening of the shekel against the dollar and euro in morning inter-bank trading, the Bank of Israel set the shekel-dollar representative exchange rate unchanged at NIS 3.927/$, and set the shekel-euro representative exchange rate at NIS 4.983/€, down 0.22%.
In the stock market, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) continued its strong gains with a 4.6% rise for the biggest rise on the Tel Aviv 25 Index.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.9% after reporting its third quarter financials and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL), which also reported today, rose 3.5%.
The Banking Index rose 1.4%, correcting yesterday's fall. Bank Hapoalim (TASE: POLI) and Bank Leumi (TASE: LUMI) rose 1.8% and 1.9% respectively. Hapoalim had the day's largest turnover, of NIS 58 million.
The Oil Index fell 1.7% after the antitrust commissioner declared Tamar a monopoly. Delek Group units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 1.6% and 1.4% respectively.
Orbit Technologies Ltd. (TASE:ORBI) climbed another 6.7% to complete a 75% rise so far this week after signing a $150 million contract.
Published by Globes [online], Israel business news - www.globes-online.com - on November 13, 2012
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