The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.13% to 1,208.65 points, the Tel Aviv 100 Index fell 0.1% to 1,069.99 points, and the BlueTech 50 Index fell 0.12% to 315.10 points. Turnover was NIS 807.8 million.
The TASE fell slightly again today, in line with losses on European markets and a mixed opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.733/$, down 0.03% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.963/€, down 0.39%.
In the bond market, long-term Shahar unlinked shekel government fell by up to 0.1%, but long term Galil CPI-linked government bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.08%.
In the stock market, the banks again led the market downward. The Banking Index fell 0.9%, led by 1.5% drops by Bank Leumi (TASE: LUMI) and First International Bank of Israel (TASE: FTIN). Bank Hapoalim (TASE: POLI) fell 0.4% on the day's biggest turnover of NIS 49.3 million.
Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.8% for the biggest gain among Tel Aviv 25 shares, and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 1.3%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.4% after announcing its selection for an award to supply UAVs to the US Army.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell 1.8% for the biggest loss among Tel Aviv 25 shares.
On the Tel Aviv 100 Index, Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) fell 0.1%, on news of more layoffs.
Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) had the biggest gain among Tel Aviv 100 shares, with a gain of 3.5%. Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) rose 1.1% on a Southeast Asian contract.
Mid-Cap Palram Industries Ltd. (TASE: PLRM) rose 1.7% after announcing a NIS 100 million contract to supply thermoplastic boards to a German DIY chain.
Published by Globes [online], Israel business news - www.globes-online.com - on January 16, 2013
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