The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.92% to 1,215.76 points, and the Tel Aviv 100 Index rose 1.12% to 1,089.06 points, and the BlueTech 50 Index rose 2.27% to 303.74 points. Turnover was NIS 1.32 billion.
The TASE rose today, despite losses on European markets and a mixed opening on Wall Street. The Tel Aviv 25 Index rose 1% for the short week.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.647/$, up 0.25% on Tuesday's rate, and set the shekel-euro exchange rate at NIS 4.697/€, down 0.67%.
In the bond market, both long-term Shahar unlinked shekel government bonds rose by up to 0.5% and long term Galil CPI-linked government bonds rose by up to 0.6%. The corporate bond benchmark Tel-Bond 20 Index rose 0.67%.
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 6.1%, for the biggest gain among Tel Aviv 25 shares, after announcing the acquisition of a US company, Kotura Inc. Clal Finance said that the acquisition was important to compete against Intel Corporation (Nasdaq: INTC). Its high-tech peers on the index, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2.6% and 1.5%, respectively.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 4.2% on the day's biggest turnover of NIS 150 million, and Perrigo Company (Nasdaq:PRGO; TASE:PRGO) rose 2%.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.7% to NIS 4.62. Leumi Capital Markets cut its target price for the share 8% from NIS 5 to NIS 4.60, with a "Market perform" recommendation, saying that contradictory forces were working on the share. Mobile carriers Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.7% and 2.4%, respectively, for the biggest losses among Tel Aviv 25 shares.
Bank Hapoalim (TASE: POLI) fell 0.7% and Bank Leumi (TASE: LUMI) fell 0.6%
On the Tel Aviv 100 Index, Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) rose 7.1%, while Avgol Nonwoven Industries Ltd. (TASE:AVGL) fell 3.8%, without any announcement.
Published by Globes [online], Israel business news - www.globes-online.com - on May 16, 2013
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