The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 1.23% to 1,339.28 points, the Tel Aviv 100 Index rose 1.1% to 1,208.61 points, and the BlueTech 50 Index rose 2.09% to 338.67 points. Turnover was NIS 826.7 million.
The TASE rose today, in line with gains on European markets and on Wall Street on Friday. The Tel Aviv 25 Index fell 0.3% last week despite rallying towards the end of the week.
In the foreign currency market, options point to a strengthening of the shekel with a 0.58% drop in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.498/$, and to a 0.03% drop in the shekel-euro exchange rate NIS 4.795/€.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose 0.5% and 0.6% respectively. The corporate bond benchmark Tel-Bond 20 Index rose 0.10%.
In the stock market, Opko Health Inc. (NYSE: OPK; TASE: OPK) led the gains rising 5.4%. Oil Refineries Ltd. (TASE:ORL) also continued recovering losses rising 2.8% on the day's largest trading turnover.
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.3% after signing a follow-on contract in Australia.
On the Tel Aviv 100, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 39.9% after announcing a joint venture with Panasonic, boosting the BlueTech 50 to strong gains.
Published by Globes [online], Israel business news - www.globes-online.com - on December 22, 2013
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