Sun: TASE unruffled by rockets
The banks led today's rally, while Delek Group and its energy exploration units posted strong gains.
The TASE rose strongly in very thin today, recovering much of last week's losses, as Operation Pillar of Cloud entered its fifth day. On Friday, European markets fell but Wall Street rose.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.2%, but long-term Galil CPI-linked bonds fell by up to 0.3%. The corporate bond benchmark Tel-Bond 20 Index fell 0.18%.
In the foreign currency market, options pointed to a 0.15% gain by the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 2.938/$, and to a 0.02% gain by the shekel-euro exchange rate to NIS 5.041/€.
Energy exploration companies roses strongly today. Tamar and Leviathan partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 2.6% and 2.3%, respectively, and their parent company, Delek Group Ltd. (TASE: DLEKG), rose 2.7%. Their Tamar partner Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) rose 1.2%, and their Leviathan partner, Ratio Oil Exploration (1992) LP (TASE:RATI.L), rose 6%.
Banks rose strongly, led by a 4% gain by Mizrahi Tefahot Bank (TASE:MZTF) for the biggest gain among Tel Aviv 25 shares. Bank Hapoalim (TASE: POLI) rose 2.2% on the day's biggest turnover of NIS 40.3 million, and Bank Leumi (TASE: LUMI) rose 1.8%. The Banking Index rose 2%.
Published by Globes [online], Israel business news - www.globes-online.com - on November 18, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
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