The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.79% to 1,296.65 points, the Tel Aviv 100 Index fell 0.44% to 1,171.56 points, but the BlueTech 50 Index rose 0.38% to 342.56 points. Turnover was NIS 1.22 billion.
The TASE rally ended today, in line with losses on European markets and at the opening on Wall Street, despite the end of the government shutdown and the raising of the debt ceiling in the US, which prevented a default. The Tel Aviv 25 rose 0.3% for the week, and is up 9.4% year-to-date.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.535/$, down 0.54% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.823/€, up 0.22%.
In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.27%.
In the stock market, Oil Refineries Ltd. (TASE:ORL) rose 11.6%, for the biggest gain among Tel Aviv 25 shares, after announcing a recovery plan. Sister company CIL( fell 2.9% for the biggest loss on the index, and their parent company, Israel Corporation (TASE: ILCO) fell 1.8%, partly on reports that it was in initial talks to sell its Mishor Rotem power station in Israel. Oil Refineries' other parent company, Israel Petrochemical Enterprises Ltd. (TASE:PTCH), rose 10.7%.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.8% on the day's biggest turnover of NIS 78.6 million.
Israel Discount Bank (TASE: DSCT), which announced the appointment of a new CEO today, fell 1.2%.
Published by Globes [online], Israel business news - www.globes-online.com - on October 17, 2013
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