The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.30% to 1,228.95 points, the Tel Aviv 100 Index rose 0.30% to 1,086.32 points, but the BlueTech 50 Index fell 0.67% to 333.80 points. Turnover was NIS 800 million.
The TASE rose today, in line with gains on European markets and at the opening on Wall Street.
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 rose by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index was unchanged.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.805/$, down 0.26% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.973/€, down 0.43%.
In the stock market, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) continued to be a major focus of attention after the sale of control to Haim Saban and positive responses by analysts to the change in ownership. Partner fell 1.7% and rival mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) was down 1.3%. The Communications Index was down 0.3%.
In the banking sector, Bank Leumi (TASE: LUMI) fell 0.7% but Bank Hapoalim (TASE: POLI) strengthened 1%, while Israel Discount Bank (TASE: DSCT) rose 2.4% following publication by "Globes" yesterday that Hapoalim is in the hunt to buy Israel Discount Bank of New York.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.2% following its report of a $40 million deal with Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) for an Italian satellite project.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) continued its slide losing another 1.7%. Another dual listed technology company LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) fell 6.9% after falling sharply on Wall Street yesterday.
The Insurance Index rose 1.1% with Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) and Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rising 1.8% and 1.3% respectively.
Published by Globes [online], Israel business news - www.globes-online.com - on December 5, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012