Thu: TASE rises 1.3% in November, 13.3% in 2012 so far

Partner rose on reports of its impending acquisition by Haim Saban and the banks rose after publishing positive financial reports.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.31% to 1,229.97 points, the Tel Aviv 100 Index rose 0.29% to 1,089.61 points, and the BlueTech 50 Index rose 0.61% to 339.14 points. Turnover was NIS 2.93 billion.

The Tel Aviv 25 Index rose 1.6% on the week, after rising 2.5% last week. The Tel Aviv 25 Index rose 1.3% in November and has risen 13.3% in 2012.

In the bond market, long-term Shahar unlinked government bonds fell 0.1% and long-term Galil CPI-linked bonds were also down 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.01%.

In the foreign currency market, Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.83/$, down 0.91% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.976/€, down 0.21%.

In the stock market, cellular operators were the focus of much attention. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 4.1% on reports that Haim Saban is about to take control of the cellular carrier, while Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 4.2% for the biggest rise of companies traded on the Tel Aviv 25 Index. The Telecom Index rose 2.2%. Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) through which controlling shareholder Ilan-Ben-Dov controls Partner, rose 27% and its bond series rose 12.4%.

The banks also commanded attention after publishing good third quarter financial reports. Bank Hapoalim (TASE: POLI) rose 2.6%, and Bank Leumi (TASE: LUMI) rose 1.3% on the day's highest trading turnover of NIS 219 million. Israel Discount Bank (TASE: DSCT) rose 3.3% and the Banking Index climbed 2.2%.

On the negative side, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) plunged 10.7% on rumors that Intel is pushing ahead in developing a rival Infiniband product.

Retalix Ltd. (Nasdaq: RTLX; TASE: RTLX) soared 32.5% after NCR announced its was acquiring the retailing software systems company at a 37% premium on this morning's opening price.

New Hamashbir Lazarchan Ltd. (TASE:MSZB) rose 30% after reports earlier this week that it is launching a new discount supermarket chain.

Published by Globes [online], Israel business news - - on November 29, 2012

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

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