The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index closed down 1.45%, at 1,289.33 points; the Tel Aviv 00 Index closed down 1.34%, at 1,166.67 points; and the BlueTech 50 Index closed down 1.98%, at 336.95 points. Turnover totaled NIS 1.15 billion.
The TelBond 20 Index fell 0.07%, to 311.07 points.
On the foreign exchange market, the representative shekel-dollar rate was set 0.227% lower than yesterday, at NIS 3.52/$, and the shekel euro rate was set 0.33% higher, at NIS 4.8401/€.
Stocks fell in Tel Aviv today, with the leading indices falling in line with negative sentiment in Asian and European markets and on Wall Street. Bezeq fell sharply, by 7.19%, dragging stakeholders Internet Gold and B Communications down with it, because of a "Sell" recommendation from Citi.
Gas and oil exploration companies in general, and the partners in the Leviathan field (Ratio down 1.71%, Avner up 0.75%, Delek Drilling down 0.11%, and Delek Group up 1.63%) in particular, continued to attract attention, following the dismissal by the High Court of Justice of the petition against the government's decision to allow the export of 40% of Israel's gas reserves.
Babylon is still a focus of concern because of the notice of deficiencies it received from Yahoo!. The two sides are meeting today. As a matter of prudence, the company issued a revenue warning. The share price closed 18.1% off.
Can-Fite Biopharma reported the publication of s shelf prospectus for raising capital, chiefly to boost its working capital in order to meet the criteria for listing its ADR on Wall Street. The share price fell 12.41%.
Published by Globes [online], Israel business news - www.globes-online.com - on October 23, 2013
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