The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 1.45% to 1,110.13 points, the Tel Aviv 100 Index rose 1.40% to 1,030.37 points, and the Tel-Tech Index rose 0.36% to 233.36 points. Turnover was NIS 1.36 billion.
After a day off for the Tisha B'Av fast yesterday, investors returned to the TASE today in an optimistic mood, and shares rose across the board today. The TASE rose in line with global markets.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.1%, and long-term Galil CPI-linked bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.01%.
In the foreign currency market, the shekel-dollar representative exchange rose 0.08% to NIS 3.862/$, but the shekel-euro representative exchange rate fell 1.17% to NIS 4.942/€.
In the stock market, Delek Drilling LP (TASE: DEDR.L) rose 3.9% for the biggest gain among Tel Aviv 25 shares, and Avner Oil and Gas LP (TASE: AVNR.L) rose 1.6%. Psagot Investment House Ltd. today initiated coverage of the Tamar partners with a "Market perform" recommendations. Psagot gave a "Buy" recommendation to a third Tamar partner, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L), and the rose 1.4%.
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 1.4%, ahead of the publication of its second quarter financials next week. Citi and IBI Investment House Ltd. said today that Teva's launch of new generic products would be the main positive effect for revenue and profits.
Bank Leumi (TASE: LUMI) rose 2.2% on the day's largest turnover of NIS 109 million. Investors are waiting for tomorrow's vote by the board of directors on the bank's new chairman.
Published by Globes [online], Israel business news - www.globes-online.com - on July 21, 2010
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