The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 4.12% to 1,077.79 points, the Tel Aviv 100 Index rose 3.85% to 974.07 points, and the BlueTech 50 Index rose 3.03% to 258.79 points. Turnover was NIS 1.63 billion.
The TASE rallied strongly today across the board, after a yesterday's slump, boosted by good news from Europe.
The TASE will be closed on Wednesday and Thursday for the Sukkot holiday.
In the bond market, long-term Shahar bonds fell by up to 0.1%, and long term CPI-linked bonds fell up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.41%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange at NIS 3.675, down 1.34% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.995/€, up 1.04%.
In the stock market, all Tel Aviv 25 shares and 97 of the Tel Aviv 100 shares rose today.
The Oil and Gas Index rose 5.7%. Delek Drilling LP (TASE: DEDR.L) rose 9.3% for the biggest gain among Tel Aviv 25 shares, its sister company Avner Oil and Gas LP (TASE: AVNR.L) rose 7.2%, and their parent company Delek Group Ltd. (TASE: DLEKG) rose 6%. Their partner in Tamar, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) rose 5.2%, and their partner in Leviathan, Ratio Oil Exploration (1992) LP (TASE:RATI.L), rose 4.8%.
IBI Investment House said today, "The best exposure to the sector is through Delek Drilling and Avner, which in addition to their active value creation operations, show a better risk-reward profile than their peers."
Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 5.7% on a follow-on maintenance contract with the US Army.
Israel Chemicals Ltd. (TASE: ICL) rose 1.6% to NIS 40.74 on the day's biggest turnover of NIS 274 million. UBS today reiterated its "Buy" recommendation for the share, but cut its target price from NIS 65 to NIS 60.
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) and Makhteshim Agan Industries Ltd. (TASE: MAIN) were today's laggards with gains of 0.9% and 0.5%, respectively.
The Real Estate Index rose 5%, boosted by an 8% gain by Alony Hetz Property and Investments Ltd. (TASE: ALHE), after announcing that it will distribute a NIS 160 million dividend at NIS 1.31 per share. Alrov (Israel) Ltd. (TASE: ALRO) rose 7% and Jerusalem Economy Ltd. (TASE:ECJM) (JEC) rose 6.5%. The sector's two Tel Aviv 25 shares, Azrieli Group Ltd. (TASE: AZRG) rose 4.3% and Gazit-Globe Ltd. (TASE: GLOB) rose 6.3%.
Bottled water company Neviot - Nature of Galilee Ltd. (TASE: NVIO) jumped 64.8% after controlling shareholder Mozi Wertheim announced an offer to buy the company through Central Bottling Company (Coca-Cola Israel) Ltd., at a premium of 64% on today's opening price.
Published by Globes [online], Israel business news - www.globes-online.com - on October 10, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011