Stocks rose on the Tel Aviv Stock Exchange today. The Tel Aviv 25 Index rose 0.38%, to 1,325.08 points; the Tel Aviv 100 Index rose 0.51%, to 1,195.28 points; and the BlueTech 50 Index rose 1.15%, to 328.80 points. Turnover totaled NIS 939 million.
On the foreign exchange market, the Bank of Israel set the shekel-dollar representative rate at NIS 3.5050/$, down 0.171% on yesterday's rate, and set the shekel-euro representative rate at NIS 4.8193/€, down 0.275%.
In corporate bonds, the TelBond 20 Index fell 0.12%, to 313.83 points.
The main story in Tel Aviv today was IDB Holding, which soared 25% after yesterday's court removing control of the company from Nochi Dankner and handing it to Moti Ben-Moshe and Eduardo Elsztain, subject to full disclosure of Ben-Moshe's sources of finance.
Teva rose today, by 0.29%, after announcing that it had reached a settlement with Pfizer over its generic version of impotency treatment Viagra. Teva will be able to market its version in December 2017. Also in the healthcare sector, Perrigo rose 2.29%.
Israel Chemicals announced the acquisition of Hagesud Group, a German producer of spice blends and food ingredients for meat processing. The share rose 0.07% on the day's highest turnover.
Energy exploration stocks were weak today, amid conflicting reports about the amount of oil in the Leviathan field. Delek Drilling fell 0.48%; Avner fell 0.98%; Ratio fell 0.89%; and Isramco fell 0.42%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 18, 2013
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