The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.52% to 1,334.14 points, the Tel Aviv 100 Index rose 0.33% to 1,206.78 points, but the BlueTech 50 Index fell 0.48% to 327.85 points. Turnover was NIS 1.55 billion.
The TASE rally continued today, in line with gains on European markets and at the opening on Wall Street. The Tel Aviv 25 Index is on threshold of reaching its all-time high of April 2011.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.524/$, 0.14% above Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.761/€, up 0.56%.
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 0.05%.
In the stock market, Delek Group Ltd. (TASE: DLEKG) fell 3.8%, for the biggest loss among Tel Aviv 25 shares, and its gas exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 3% and 2.9%, respectively, following reports of delays in the development of the Leviathan gas field. Its Israeli partner in Leviathan, Ratio Oil Exploration (1992) LP (TASE:RATI.L) fell 6.9%.
Israel Chemicals Ltd. (TASE: ICL) rose 1.3%, on the day's biggest turnover of NIS 98.3 million, following reports in a change in control at Russian potash producer Uralkali JSC (LSE: URKA). Parent company Israel Corporation (TASE: ILCO) rose 0.6%, after announcing that it would participate in talks for a debt settlement at subsidiary Zim Integrated Shipping Services Ltd..
Mizrahi Tefahot Bank (TASE:MZTF) rose 4.1%, for the biggest gain among Tel Aviv 25 shares, after publishing its financials.
NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.8%, but Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) fell 1.3%, after announcing deals. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; Bulletin Board: FRUTF) rose 0.1%, after announcing the acquisition of a Russian company.
C. Mer Industries Ltd. (TASE: CMER) rose 6%, following the closing of the acquisition of control in the company by First Israel Mezzanine Investors Fund (FIMI). Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI; TASE: BSI) rose 11.6%, following yesterday's reports that it was in talks to sell its supermarket chains.
Published by Globes [online], Israel business news - www.globes-online.com - on November 18, 2013
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