The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.69% to 1,196.80 points, the Tel Aviv 100 Index fell 0.52% to 1,073.27 points, and the BlueTech 50 Index fell 0.79% to 299.29 points. Turnover was NIS 523.3 million.
The TASE fell today, in line with falls on European markets and on Wall Street on Friday.
In the foreign currency market, options pointed to a 0.03% drop in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.603/$, and to a 0.07% drop in the shekel-euro exchange rate to NIS 4.695/€.
In the bond market, long-term Shahar unlinked shekel government bonds rose by up to 0.1% and long term Galil CPI-linked government bonds rose by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index rose 0.33%.
In the stock market the losses were led by Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX), which fell 8.1% after falling 7.9% on Thursday, following its disappointing second quarter guidance.
Israel Chemicals Ltd. (TASE: ICL) was the focus of attention after Potash Corp. of Saskatchewan announced last Thursday that it was abandoning its bid for the company. Israel Chemicals fell 2.3% on the day's biggest turnover of NIS 66 million, after falling 4.5% n Thursday.
Israel Discount Bank (TASE: DSCT) fell 1.4% after the bank's workers committee declared a work dispute. However the Banking Index rose 0.3% with Bank Hapoalim (TASE: POLI) up 0.6% and Bank Leumi (TASE: LUMI) up 0.1%.
IDB Holding Corp. Ltd. (TASE:IDBH) rose 10.6% and its bond series rose 11.4% on Friday's news that Argentinean billionaire Eduardo Elsztain has agreed to invest a further $75 million in the company.
Published by Globes [online], Israel business news - www.globes-online.com - on April 28, 2013
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