The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.39% to 1,216.39 points, the Tel Aviv 100 Index rose 0.45% to 1,068.63 points, but the TechBlue 50 Index fell 0.48% to 322.72 points. Turnover was NIS 961.8 million.
The leading TASE indices rose today, in line with losses on European markets and at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.769/$, down 0.21% on yesterday's rate, and set the shekel-euro representative exchange rate unchanged at NIS 4.969/€.
In the bond market, long-term Shahar unlinked shekel government bonds fell by up to 0.1%, and long term Galil CPI-linked government bonds fell by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index fell 0.07%.
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell another 4.3%, but Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.4% on the day's biggest turnover of NIS 107 million.
The Communications Index fell another 1% today, after yesterday's sharp drop. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 5.3%, for the biggest loss among Tel Aviv 25 shares, and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 0.3%.
Financial stocks rose strongly today. The Insurance Index rose 3.2%, with Tel Aviv 100 Index-listed Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) up 4.5% and Menorah Mivtachim Holdings Ltd. (TASE: MORA) up 4.4%.
Bank Hapoalim (TASE: POLI) rose 2%, and Bank Leumi (TASE: LUMI) rose 1.1%, boosting the Banking Index 1.5%.
Food company Osem Investments Ltd. (TASE: OSEM) rose 2%, after announcing a restructuring yesterday, and Excellence Brokerage today took a favorable view of the change.
Modiin Energy LP (TASE:MDIN.L) fell 12.5%, following yesterday's fall of 7.7%. The energy exploration company said today that it lacked the wherewithal to provide $37 million in credit to the owners of the rig at the Yam Hadera license.
Clal Industries and Investments Ltd. (TASE: CII) fell 0.3%. Psagot Investment House Ltd. today cut its recommendation for the company to "Hold", citing regulatory uncertainty about subsidiary Nesher Israel Cement Enterprises Ltd., which has a monopoly in the industry.
Published by Globes [online], Israel business news - www.globes-online.com - on December 18, 2012
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