The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.17% to 1,228.53 points, the Tel Aviv 100 Index fell 0.18% to 1,085.23 points, and the BlueTech 50 Index fell 0.69% to 331.70 points. Turnover was NIS 756.4 million.
The Tel Aviv 25 Index slipped 0.1% on the week, after rising 1.6% last week.
In the bond market, long-term Shahar unlinked government bonds rose 0.2% and long-term Galil CPI-linked bonds were also down 0.3%. The corporate bond benchmark Tel-Bond 20 Index rose 0.32%.
In the foreign currency market, Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.813/$, up 0.21% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.982/€, up 0.18%.
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) continued its slide losing another 0.9% today. The company's share price has lost 20% over the past week.
Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) also again lost ground today falling 3.1% for the largest drop of any share on the Tel Aviv 25 Index. Rival mobile carrier Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 0.4% and the Communications Index lost 1% as aggressive competition once again flares up in the mobile sector. S&P took Partner off its watch list following the takeover by Haim Saban and ratified its AA rating with a negative outlook.
Bank Leumi (TASE: LUMI) fell 0.3% on the highest trading volume today.
Delek Group Ltd. (TASE: DLEKG) energy exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 1.4% and 1.7% respectively after Noble Energy Inc. (NYSE: NBL) reported that gas will begin to flow from Leviathan in 2016. Ratio Oil Exploration (1992) LP (TASE:RATI.L) rose 0.3%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 6, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012