The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.71% to 1,328.99 points, the Tel Aviv 100 Index rose 0.92% to 1,218.65 points, and the BlueTech 50 Index rose 1.33% to 353.33 points. Turnover was NIS 1.53 billion.
A TASE rebounded strongly today, in line with gains on European markets and at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.501/$, down 0.03% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.777/€, up 0.18%.
In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.05%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.1% on the day's biggest turnover of NIS 108.7 million, amid reports that the board was poised to name Erez Vigodman as the next CEO.
Israel Chemicals Ltd. (TASE: ICL) fell 1.4%, for the biggest loss among Tel Aviv 25 shares, and parent company Israel Corporation (TASE: ILCO) fell 0.5%. Israel Discount Bank (TASE: DSCT) rose 2.6% for the biggest gain on the index.
On the Tel Aviv 100 Index, Compugen Ltd. (Nasdaq: CGEN; TASE: CGEN) rose 3.4%, after announcing that it was greatly expanding its immune-oncology R&D program. Pluristem Therapeutics Ltd. (Nasdaq:PSTI; TASE: PLTR) rose 7.7%, after publishing an update on a clinical trial Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) rose 3.1% on a $4 million follow-on deal in Europe. Africa-Israel Investments Ltd. (TASE:AFIL) rose 4.4%, on top of last week's 23% gain.
Elsewhere in the market, IDB Holding Corp. Ltd. (TASE:IDBH) fell 53.7%, after its new controlling shareholders appointed a chairman for its operational subsidiary, IDB Development Corporation.
Small-cap Biocancell Therapeutics Ltd. (TASE:BICL) and InsuLine Medical Ltd. (TASE: INSL) rose 0.3% and 1.1%, respectively, after announcing rights issues.
Published by Globes [online], Israel business news - www.globes-online.com - on January 7, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014