The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.31% to 1,229.97 points, the Tel Aviv 100 Index rose 0.29% to 1,089.61 points, and the BlueTech 50 Index rose 0.61% to 339.14 points. Turnover was NIS 2.93 billion.
The Tel Aviv 25 Index rose 1.6% on the week, after rising 2.5% last week. The Tel Aviv 25 Index rose 1.3% in November and has risen 13.3% in 2012.
In the bond market, long-term Shahar unlinked government bonds fell 0.1% and long-term Galil CPI-linked bonds were also down 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.01%.
In the foreign currency market, Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.83/$, down 0.91% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.976/€, down 0.21%.
In the stock market, cellular operators were the focus of much attention. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 4.1% on reports that Haim Saban is about to take control of the cellular carrier, while Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 4.2% for the biggest rise of companies traded on the Tel Aviv 25 Index. The Telecom Index rose 2.2%. Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) through which controlling shareholder Ilan-Ben-Dov controls Partner, rose 27% and its bond series rose 12.4%.
The banks also commanded attention after publishing good third quarter financial reports. Bank Hapoalim (TASE: POLI) rose 2.6%, and Bank Leumi (TASE: LUMI) rose 1.3% on the day's highest trading turnover of NIS 219 million. Israel Discount Bank (TASE: DSCT) rose 3.3% and the Banking Index climbed 2.2%.
On the negative side, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) plunged 10.7% on rumors that Intel is pushing ahead in developing a rival Infiniband product.
Retalix Ltd. (Nasdaq: RTLX; TASE: RTLX) soared 32.5% after NCR announced its was acquiring the retailing software systems company at a 37% premium on this morning's opening price.
New Hamashbir Lazarchan Ltd. (TASE:MSZB) rose 30% after reports earlier this week that it is launching a new discount supermarket chain.
Published by Globes [online], Israel business news - www.globes-online.com - on November 29, 2012
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