Wed: TASE still firm despite security worries

Israel Chemicals fell on the day's largest turnover, after reporting lower profit and revenue.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.31% to 1,208.66 points, the Tel Aviv 100 Index rose 0.26% to 1,064.45 points, but the TechBlue 50 Index fell 0.09% to 328.62 points. Turnover was NIS 877.7 million.

The leading TASE indices rose today in line with gains on European markets and at the opening on Wall Street, despite the failure to reach a ceasefire and today's bus bombing in Tel Aviv.

In the bond market, long-term Shahar unlinked shekel government were unchanged and long-term Galil CPI-linked government bonds ranged between losses of 0.2% and gains of 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.03%.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.916/$, down 0.16% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 5.016/€, down 0.24%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) fell 1.7% on the day's biggest turnover of NIS 77 million, after reporting lower revenue and profits for the third quarter. Its parent company, Israel Corporation (TASE: ILCO), fell 1.9%.

Other Tel Aviv 25 companies that published their financials today were Azrieli Group Ltd. (TASE: AZRG), which rose 2.3%; Oil Refineries Ltd. (TASE:ORL), which rose 2.3%; Strauss Group Ltd. (TASE:STRS), which rose 1.1%; and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR), which rose 3.1%, despite sharply lower revenue and profits, for the biggest gain among Tel Aviv 25 shares.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 2.6% for the biggest loss among Tel Aviv 25 shares, and EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) fell 1.7%, but Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 0.5%.

Banks were split today, with Bank Hapoalim (TASE: POLI) up 0.5% and Bank Leumi (TASE: LUMI) down 0.2%.

Mid-Cap listed Commtouch Software Ltd. (Nasdaq: CTCH; TASE: CTCH) rose 14.8%, two days after announcing the acquisition of a German company. Partner's parent company Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) jumped 24.6%.

Published by Globes [online], Israel business news - www.globes-online.com - on November 21, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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