The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.28% to 1,133.84 points, the Tel Aviv 100 Index rose 0.36% to 1009.77 points, but the TechBlue 50 Index fell 0.11% to 339.75 points. Turnover was NIS 892.9 million.
The leading TASE indices rose slightly today, in line with a mixed day in European markets and gains at the opening on Wall Street.
In the bond market, long-term Shahar government shekel bonds fell by up to 0.5% and long-term Galil CPI-linked government bonds ranged between losses of 0.3% and gains of 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.23%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.95/$, down 0.28% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 5.094/€, up 0.53%.
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 0.4% today, breaking its losing streak. Its high tech peers on the Tel Aviv 25 Index, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 1%, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.8%.
Leviathan and Tamar partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose another 2.2% and 2.8%, respectively, and their parent company, Delek Group Ltd. (TASE: DLEKG), rose 4%.
Israel Chemicals Ltd. (TASE: ICL) rose 1.1% on the day's biggest turnover of NIS 81 million.
Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 1.8% for the biggest loss among Tel Aviv 25 shares. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.3%.
Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 4.3%, for the biggest gain among Tel Aviv 25 shares. Its parent company, Discount Investment Corporation (TASE: DISI) rose 15.9%, boosted by a 3.3% gain by Credit Suisse Group AG (NYSE: CS; SWX: CSGN; XETRA: CSGZ), in which it has a small stake through Koor Industries Ltd. (TASE:KOR). Its supermarket subsidiary Shufersal Ltd. (TASE:SAE) rose 5.8%. Discount Investment's parent company, IDB Holding Corp. Ltd. (TASE:IDBH) rose 5.2%, and its bonds rose by up to 9.1%.
Insurance companies rose strongly today, led by a 5.5% gain by Delek Group subsidiary The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) and a 4.4% gain by Harel Insurance Investments and Financial Services Ltd. (TASE: HARL).
Clal Industries and Investments Ltd. (TASE: CII) rose 6.9%, after subsidiary Clal Biotechnology Industries Ltd. (TASE: CBI) announced that portfolio company Andromeda Biotech Ltd. had completed patient recruitment for the Phase III clinical trial of its type 1 diabetes treatment DiaPep277. Clal Biotech rose 4.6%.
Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2012
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