The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.39% to 1,242.54 points, the Tel Aviv 100 Index rose 0.38% to 1,104.22 points, but the BlueTech 50 Index fell 0.18% to 304.11 points. Turnover was NIS 704.8 million.
The TASE rose today, after the Passover holiday, in line with gains on European markets and at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.62/$, down 0.77% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.648/€, down 0.28%.
In the bond market, long-term Shahar unlinked shekel government bonds were unchanged and long term Galil CPI-linked government fell by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.25%.
In the stock market, Azrieli Group Ltd. (TASE: AZRG) rose 2.7% for the biggest gain among Tel Aviv 25 shares.
Tamar partners Avner Oil and Gas LP (TASE: AVNR.L) was unchanged and Delek Drilling LP (TASE: DEDR.L) fell 0.6%, following the start of gas flow from the field. Their parent company Delek Group Ltd. (TASE: DLEKG) was also unchanged, and their partner, Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 0.8%.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.2% on the day's biggest turnover of NIS 54 million. Merrill Lynch today lowered its earnings per share forecast for the company from $5.05 to $4.98 in 2013, after a US court ended the company's exclusivity to an AstraZeneca plc (NYSE; LSE: AZN) asthma drug.
Perrigo Company (Nasdaq:PRGO; TASE:PRGO) rose 0.9% today, after closing the acquisition of US pet care company Velcera Inc. Clal Finance today reiterated its "Market perform" recommendation for the share and updated its target price to $110.
Elsewhere in the market, DS Apex Holdings Ltd. (TASE:DSAP) rose another 7.9% today, after rising 10.2% on Thursday. Mazor Robotics Ltd. (TASE:MZOR) rose 18.7%, after announcing the sale of four more Renaissance robotic navigation systems for spinal surgery in the US. Brainsway Ltd. (TASE:BRIN) rose 17.4%.
Published by Globes [online], Israel business news - www.globes-online.com - on April 2, 2013
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