The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.28% to 1,085.20 points, the Tel Aviv 100 Index rose 0.53% to 989.55 points, and the BlueTech 50 Index rose 1.75% to 276.53 points. Turnover was NIS 1.26 billion.
The TASE rose slightly at the end of a volatile session, to end an unusually volatile week. The Tel Aviv 25 Index rose 6.6% for the week, partly recovering from last week's 7.8% fall. The index fell 4.5% in November. European markets were mixed today, and Wall Street opened with gains on Nasdaq and the S&P 500, but losses on the Dow Jones.
In the bond market, long-term Shahar unlinked government bonds ranged between losses of 0.1% and gains of 0.1%, and long-term Galil CPI-linked bonds rose by up 0.3%. The corporate bond benchmark Tel-Bond 20 Index fell 0.03%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at $3.741/$, down 1.37% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 5.043/€, down 0.09%.
In the stock market, Avner Oil and Gas LP (TASE: AVNR.L) rose 3% for the biggest gain among Tel Aviv 25 shares, followed by a 2.7% gain by its parent company Delek Group Ltd. (TASE: DLEKG) and 2.5% gain by its sister company and partner in the Tamar and Leviathan gas fields, Delek Drilling LP (TASE: DEDR.L). Delek Group today acquired the controlling interest in Avner shareholder Cohen Development & Industrial Buildings Ltd. (TASE: CDEV), which rose 1.2%.
Mizrahi Tefahot Bank (TASE:MZTF) fell 2.2% for the biggest loss on the index. Bank Hapoalim (TASE: POLI) fell 0.9%, but Bank Leumi (TASE: LUMI) rose 1.4% and Israel Discount Bank (TASE: DSCT) rose 1.3%, the day after all three banks reports heavy losses for the third quarter.
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 1.1%, after announcing its joint launch of generic Lipitor with India's Ranbaxy Laboratories Ltd. (BSE: 500359). Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 1.5%, but was still up 9% for the week.
IDB Holding Corp. Ltd. (TASE:IDBH) unit Discount Investment Corporation (TASE: DISI) fell 1%, after announcing that IDB chairman Nochi Dankner was reviewing restructuring the company's holding companies.
Prolor Biotech Inc. (AMEX: PBTH; TASE: PBTH) rose another 7.1% on top of yesterday's 10.4% gain, and Protalix Biotherapeutics Inc. (AMEX:PLX; TASE: PLX) rose 2.2%, after obtaining EU GMP certification of for its Carmiel plant.
Nonwoven textiles company NR Spuntech Industries (TASE: SPNTC) rose 19.3% after announcing negotiations on an $85 million three-contract with a current customer.
Published by Globes [online], Israel business news - www.globes-online.com - on December 1, 2011
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