The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.20% to 1,211.03 points, the Tel Aviv 100 Index rose 0.33% to 1,067.99 points, and the BlueTech 50 Index rose 0.75% to 331.09 points. Turnover was NIS 865.1 million.
The TASE rose across the board following the cease-fire agreement to end Operation Pillar of Defense in Gaza. European markets rose today while Wall Street is closed for the Thanksgiving holiday. The Tel Aviv 25 Index rose 2.5% for the week, after falling by precisely the same percentage last week.
In the bond market, long-term Shahar unlinked government bonds were unchanged and long-term Galil CPI-linked bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.04%.
In the foreign currency market, Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.867/$, down 1.25% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.983/€, down 0.64%.
In the stock market, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2% after publishing its third quarter financials yesterday. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.2% after announcing that it had reached a wholesale services agreement with Partner. A similar agreement with Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) is also expected. Cellcom rose 2% today.
Israel Chemicals (TASE: CHIM) rose 2.1% after Barclays gave it a positive outlook.
Bank Leumi (TASE: LUMI) rose 1% on the day's highest trading volume of NIS 54 million.
Outside of the Tel Aviv 25 Index, Clal Biotechnology Industries Ltd. (TASE: CBI) rose 7.8% following trial results announced by portfolio company Curetech in which it has a 12% stake.
Spectronix Ltd. (TASE: SPCT) rose 8.5% after publishing its financials and Proteologics Ltd. (TASE: PRTL) jumped 21.8% on the news that XTL Biopharmaceuticals Ltd. (Pink Sheets:XTLBY); TASE:XTL) had acquired a 31% stake in the drug developer from Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) at a 20% premium.
Published by Globes [online], Israel business news - www.globes-online.com - on November 22, 2012
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