The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.32% to 1,308.27 points, the Tel Aviv 100 Index rose 0.39% to 1,182.46 points, and the BlueTech 50 Index rose 0.39% to 343.77 points. Turnover was NIS 999.3 million.
The TASE rally resumed today, after a one-day break, 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 3.528/$, down 0.20% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.824/€, down 0.24%.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.08%.
In the stock market, Leviathan partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 2.1% and 1.8%, respectively, and their parent company Delek Group Ltd. (TASE: DLEKG) rose 2.2%, after the High Court of Justice dismissed the petition against the government's decision allowing natural gas exports. Their partner in the natural gas field, Ratio Oil Exploration (1992) LP (TASE:RATI.L), which is listed on the Tel Aviv 100 Index rose 9.3% on the day's biggest turnover of NIS 85 million. Delek's partner in the Tamar gas field, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), fell 1%.
Oil Refineries Ltd. (TASE:ORL) rose 3.6% for the biggest gain among Tel Aviv 25 shares and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.7% for the biggest loss.
On the Tel Aviv 100 Index, Babylon Ltd. (TASE:BBYL) corrected upward 3%, after announcing that it will meet Yahoo! Inc. (Nasdaq: YHOO) about deficiencies in Babylon's service. Spacecom Satellite Communications Ltd. (TASE:SCC) fell 15.1%, after announcing another breakdown in its Amos 5 communications satellite.
Published by Globes [online], Israel business news - www.globes-online.com - on October 22, 2013
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