The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.37% to 1,237.21 points, the Tel Aviv 100 Index rose 0.32% to 1,11.89 points, and the BlueTech 50 Index rose 0.62% to 308.97 points. Turnover was NIS 1.01 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.632/$, up 0.08% compared with Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.798/€, down 0.13%

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government fell by up to 0.3%. The corporate bond benchmark Tel-Bond 20 Index rose 0.07%

In the stock market, Israel Chemicals Ltd. (TASE: ICL) rose 0.1% on the day's highest turnover of NIS 147 million after the company announced it had adopted a long-term $45 million employee incentive plan.

Oil Refineries Ltd. (TASE:ORL) published a presentation today ahead of its bondholders meeting and the share rose 2.7%, the largest rise of any Tel Aviv 25 share. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 2% and 0.8% respectively. The Communications Index rose 1%.

Melisron Ltd. (TASE: MLSR) rose 1.4% and small-cap CollPlant Holdings Ltd. (TASE: CLPT) rose 9.5% after reporting approval of a US patent, while BioLineRx Ltd. (Nasdaq: BLRX); TASE:BLRX) rose 10.3% after signing a licensing agreement with a Chinese pharmaceutical company.

Formula Systems Ltd. (Nasdaq: FORTY; TASE: FORT) rose 0.2% after announcing the distribution of a NIS 20 million dividend.

Published by Globes [online], Israel business news - www.globes-online.com - on June 10, 2013

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