Mon: Telcos pull market up

Cellcom had the biggest gain among Tel Aviv 25 shares, while Bezeq rose on the day's biggest turnover.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.13% to 1,208.84 points, the Tel Aviv 100 Index rose 0.10% to 1,102.02 points, and the TechBlue 50 Index rose 0.07% to 318 points. Turnover was NIS 903.6million.

The TASE rose slightly today, in line with gains on European markets and despite a mixed opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.572/$, up 0.28% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.769/€, up 0.39%.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.12%.

In the stock market, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 3.3%, for the biggest gain among Tel Aviv 25 shares, after publishing its financials. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.1% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.6% on the day's biggest turnover of NIS 91.4 million.

Bank Hapoalim (TASE: POLI) and Bank Leumi (TASE: LUMI) fell 0.5% and 0.7%, respectively.

Israel Chemicals Ltd. (TASE: ICL) fell 1.4%, for the biggest loss among Tel Aviv 25 shares.

Elsewhere in the market, Delek Automotive Systems Ltd. (TASE: DLEA) rose 0.9% after announcing a capital gain on the sale of Mobileye shares.

Small-cap Intec Pharma Ltd. (TASE: INTP) rose 9.7%, after announcing a $5 million investment in the company.

Published by Globes [online], Israel business news - www.globes-online.com - on August 19, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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