The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.55% to 1,302.95 points, the Tel Aviv 100 Index rose 0.48% to 1,173.47 points, and the BlueTech 50 Index rose 1.51% to 340.19 points. Turnover was NIS 1.41 billion.
The TASE rally continued today, in line with gains on European markets, and despite losses at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.546/$, up 0.25% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.785/€, down 0.25%.
In the bond market, long-term Shahar unlinked shekel government and long-term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.16%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.1%, on the day's biggest turnover of NIS 114.3 million, and Oil Refineries Ltd. (TASE:ORL) fell 9.4%, for the biggest loss among Tel Aviv 25 shares, as the furor over layoffs continued and the companies went into damage control. Standard & Poor's Maalot Ltd. cut its rating for Oil Refineries' bonds to BBB minus and put them on its watch list. Oil Refineries' parent company, Israel Corporation (TASE: ILCO) fell 1.9%
Opko Health Inc. (NYSE: OPK); TASE: OPK) rose 16.8%, for the biggest gain among Tel Aviv 25 shares.
Shemen Oil and Gas Resources Ltd. (TASE: SOG) corrected upwards 7.4% from yesterday's 87% loss, and Modiin Energy LP (TASE:MDIN.L) corrected upwards 11.1% from yesterday's 40% drop.
Published by Globes [online], Israel business news - www.globes-online.com - on October 15, 2013
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