The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.23% to 1,313.41 points, the Tel Aviv 100 Index rose 0.41% to 1,191.22 points, and the BlueTech 50 Index rose 0.68% to 331.02 points. Turnover was NIS 588.3 million.
The TASE rose today, despite mixed sessions in European markets and on Wall Street on Friday. The Tel Aviv 25 Index rose 1.7% last week, and 13% in the past two months, to reach a 30-month high. It is now just 2.2% shy of its all-time high.
Mutual funds raised a net NIS 5 billion in October, one of the best months in the industry's history
In the foreign currency market, options pointed to a 0.06% dip in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.534/$, and to a 0.29% drop in the shekel-euro exchange rate to NIS 4.728/€.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index rose 0.08%.
In the stock market, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 9.3%, for the biggest gain among Tel Aviv 25 shares, after announcing a network sharing agreement with Hot Mobile Ltd.. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 4%, but Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 4.7%, for the biggest loss on the index, on the day's biggest turnover of NIS 36.6 million.
Israel Chemicals Ltd. (TASE: ICL) rose 0.1%, after announcing a deal to release trapped profits. Parent company Israel Corporation (TASE: ILCO) rose 0.7%.
On the Tel Aviv 100 Index, Africa-Israel Investments Ltd. (TASE:AFIL) rose 6.8%, after announcing the leasing of a Bucharest office building, Babylon Ltd. (TASE:BBYL) rose 2.3%, ahead of the publication of its third quarter financials on Monday, and Protalix Biotherapeutics Inc. (AMEX:PLX; TASE: PLX) rose 1.1%, after publishing its results.
IDB Holding Corp. Ltd. (TASE:IDBH) rose 8.3%, after Neto Malinda Trading Ltd. (TASE: NTML) announced that it was joining the consortium organized by Nochi Dankner and Alexander Granovsky to bid for IDB. Neto Malinda was unchanged.
Published by Globes [online], Israel business news - www.globes-online.com - on November 10, 2013
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