The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.36% to 1,207.84 points, the Tel Aviv 100 Index rose 0.44% to 1,098.83 points, and the BlueTech 50 Index rose 1.19% to 315.92 points. Turnover was NIS 1.15 million.
The TASE rebounded today, in line with gains on European markets and at the opening on Wall Street. The Tel Aviv 25 fell 1.7% for the week.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.559/$, down 0.20% on yesterday's rate, and set the shekel-euro exchange rate at NIS 4.713/€, down 0.29%.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds were mixed. The corporate bond benchmark Tel-Bond 20 Index rose 0.07%.
In the stock market, Israel Chemicals Ltd. (TASE: ICL) fell another 1.5% on the day's largest turnover of NIS 166.2 million, and parent company Israel Corporation (TASE: ILCO) fell 2.7%, for the biggest loss among Tel Aviv 25 shares.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.4%, after reporting lower revenue and profits for the second quarter.
Telcos continued to rally, led by a 3% gain by Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) for the biggest gain among Tel Aviv 25 shares. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.9% and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.8%.
Published by Globes [online], Israel business news - www.globes-online.com - on August 1, 2013
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