The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.17% to 1,232.23 points, the Tel Aviv 100 Index rose 0.31% to 1,108.79 points, and the BlueTech 50 Index rose 1.10% to 316.27 points. Turnover was NIS 1.02 billion.
The TASE continued its rally today, albeit more moderately, in line with a mixed session on European markets and gains at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.675/$, up 0.41% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.725/€, up 0.36%.
In the bond market, long-term Shahar unlinked shekel government bonds were unchanged and long term Galil CPI-linked government bonds ranged between losses of 0.1% and gains of 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.09%.
In the stock market, after a period of calm, the Communications Index stood out with a 2.4% gain, powered by Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ), with a rise of 3.4%, for the biggest gain among Tel Aviv 25 shares. Mobile carriers Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 3.1% rise and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 1.7%.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.1% on the day's biggest turnover of 82 million, and Israel Chemicals Ltd. (TASE: ICL) fell 1.6% for the biggest loss among Tel Aviv 25 shares.
On the Tel Aviv 100 Index, Given Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN) rose 5.3% on a positive arbitrate gap, after publishing new data on an ongoing clinical trial. Africa-Israel Investments Ltd. (TASE:AFIL) rose 1.2%, on good results by its Russian development arm, AFI Development plc (LSE:AFID).
Elsewhere in the market, Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) rose 7.3% after publishing its financials yesterday, and Kardan Real Estate Enterprise and Development Ltd. (TASE: KARE) rose 7.8% after publishing strong financials after the market closed yesterday.
Givot Olam Oil Exploration LP (TASE:GIVO.L) rose 2.5%, after reporting a net profit of $2.5 million for the first quarter.
D Medical Industries Ltd. (TASE: DMDC) fell 28.8%, after announcing that it will close down and sell its assets, and Biocancell Therapeutics Ltd. (TASE:BICL) fell 6%, after holding a secondary offering.
Published by Globes [online], Israel business news - www.globes-online.com - on May 21, 2013
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