The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.28% to 1,208.12 points, the Tel Aviv 100 Index fell 0.43% to 1,067.30 points, and the BlueTech 50 Index fell 0.11% to 326.73 points. Turnover was NIS 450.2 million.
The TASE fell today, despite a mixed session in European markets and gains on Wall Street on Friday.
In the foreign currency market, options point to a 0.30% gain in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.908/$, and a 0.04% gain in the shekel-euro exchange rate to NIS 4.967/€.
In the bond market, long-term Shahar unlinked shekel government bonds were unchanged, 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 0.28%.
In the stock market, Bank Hapoalim (TASE: POLI) fell 1.2% on the day's biggest turnover of NIS 27 million, but Bank Leumi (TASE: LUMI) rose 0.3% and Mizrahi Tefahot Bank (TASE:MZTF) rose 1.7%. In a new review of Israel's banks, UBS raised its target price, and said that Mizrahi Tefahot was its stock pick for the sector.
EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose another 4% on a positive arbitrage gap, for the biggest gain among Tel Aviv 25 shares. Its high-tech peer NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.8%, for the biggest loss among Tel Aviv 25 shares, while Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 0.6%.
Mobile carriers Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2% and 2.5%, respectively, and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.2%.
Tamar and Leviathan partners Avner Oil and Gas LP (TASE: AVNR.L) was unchanged and Delek Drilling LP (TASE: DEDR.L) fell 0.9%, although their parent company, Delek Group Ltd. (TASE: DLEKG), rose 1.8%, after announcing a new small gas field.
Tel Aviv 100 dual-listed high-tech companies Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) and PhotoMedex Inc. (Nasdaq: PHMD; TASE: PHMD) corrected downwards by 6.9% and 8.1% respectively. Pluristem Therapeutics Ltd. (Nasdaq:PSTI; DAX: PJT: PLTR) corrected upwards 2%, on reports that it had not deliberately withheld information about a patient's death.
Small-cap Orbit Technologies Ltd. (TASE:ORBI) rose 39.9% on a $150 million deal.
Published by Globes [online], Israel business news - www.globes-online.com - on November 11, 2012
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