Sun: Oil Refineries leads TASE gains

Oil Refineries powered ahead for the largest gain on the Tel Aviv 25 index but Teva fell back on the largest turnover.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.57% to 1,185.11 points, the Tel Aviv 100 Index rose 0.33% to 1,085.23 points, but the BlueTech 50 Index fell 0.13% to 321.26 points. Turnover was NIS 587.5 million.

The TASE rose today, despite losses on European markets and on Wall Street on Friday. This week will be a short trading week with the market closed on Wednesday and Thursday for the Rosh Hashana (New Year) holiday.

In the foreign currency market, options pointed to a 0.50% gain in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.632/$, and to a 0.45% gain in the shekel-euro exchange rate to NIS 4.805/€.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose by up to 0.5%. The corporate bond benchmark Tel-Bond 20 Index rose 0.26%.

In the stock market, Oil Refineries Ltd. (TASE:ORL) rose 5.3% for the biggest gain among Tel Aviv 25 shares, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.7% for the biggest loss.

Bank Leumi (TASE: LUMI) rose 0.5% on the day's biggest turnover of NIS 36.1 million, but Bank Hapoalim (TASE: POLI) fell 0.7%

Published by Globes [online], Israel business news - www.globes-online.com - on September 1, 2013

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

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