The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 1.21 % to 1,165.42 points, the Tel Aviv 100 Index fell 1.24% to 1,068.62 points, and the BlueTech 50 Index fell 0.88% to 319.23 points. Turnover was NIS 723.3 million.
The TASE fell sharply today, after the long Rosh Hashana weekend, despite gains on European markets and a mixed session on Wall Street on Friday.
In the foreign currency market, options pointed to a 0.39% rise in the shekel-dollar exchange rate, compared with last Tuesday's representative rate, to NIS 3.646/$, and a 0.51% rise in the shekel-euro exchange rate to NIS 4.806/€.
In the bond market, long-term Shahar unlinked shekel government bonds fell by up to 0.3% and long term Galil CPI-linked government bonds fell by up to 0.6%. The corporate bond benchmark Tel-Bond 20 Index fell 0.40%.
In the stock market, Perrigo Company (NYSE:PRGO; TASE:PRGO) and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) were the only Tel Aviv 25 shares to buck the market, with gains of 1.2% and 0.6%, respectively. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 4.5% and Oil Refineries Ltd. (TASE:ORL) fell 4% for the biggest losses on the index.
Israel Chemicals Ltd. (TASE: ICL) fell 1.2% on the day's biggest turnover of NIS 54.4 million.
On the Tel Aviv 100 Index, Jerusalem Economy Ltd. (TASE:ECJM) (JEC) fell 0.5%, after completing the sale of a Canadian property, and Electra Consumer Products Ltd. (TASE:ECP) rose 2.6%, after announcing a share buyback
Elsewhere in the market, Shemen Oil and Gas Resources Ltd. (TASE: SOG) rose 11.6%, after announcing that substantial quantities of high quality oil had been discovered at the Yam 3 well. Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) fell 8.8%, after the court approved the company's sale.
Published by Globes [online], Israel business news - www.globes-online.com - on September 8, 2013
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