The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.52% to 1,292.75 points, the Tel Aviv 100 Index rose 0.59% to 1,167.35 points, and the BlueTech 50 Index rose 1.65% to 334.10 points. Turnover was NIS 1.91 billion.
The TASE rally continued today, in line with gains on European markets and at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.559/$, down 0.22% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.812/€, down 0.28%.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.02%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 2%, after announcing massive layoffs.
Paz Oil Company Ltd. (TASE:PZOL) fell 6.3%, for the biggest loss on the Tel Aviv 25 Index, and on the day's biggest turnover of NIS 410.4 million, after controlling shareholder Zadik Bino sold a block of shares, and Bank Leumi (TASE: LUMI) fell 0.7%, after Shlomo Eliahu sold a block of shares.
Opko Health Inc. (NYSE: OPK); TASE: OPK) rose 5.2%, for the biggest gain among Tel Aviv 25 shares, as it corrected from yesterday's fall on its debut. Oil Refineries Ltd. (TASE:ORL) resumed its slide, with a loss of 1.3%.
Elsewhere in the market, El Al Israel Airlines Ltd. (TASE: ELAL) fell 9.3%, after First Israel Mezzanine Investors Fund (FIMI) cancelled its investment in the airline.
Published by Globes [online], Israel business news - www.globes-online.com - on October 10, 2013
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