The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.57% to 1,209.84 points, the Tel Aviv 100 Index rose 0.63% to 1,087.06 points, and the BlueTech 50 Index rose 0.10% to 302.79 points. Turnover was NIS 879.6 million.
After a weak opening, the TASE indices rose steadily in afternoon trading, despite mixed sessions on European markets and at the opening on Wall Street.
In the foreign currency market, after the Bank of Israel intervened in the market, it set the shekel-dollar representative exchange rate at NIS 3.57/$, up 0.03% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.677/€, up 0.07%.
In the bond market, long-term Shahar unlinked shekel government fell by up to 0.2% and long term Galil CPI-linked government bonds fell by up to 0.5%. The corporate bond benchmark Tel-Bond 20 Index rose 0.10%.
In the stock market, Israel Chemicals Ltd. (TASE: ICL) rose 2.4% and parent company Israel Corporation (TASE: ILCO) rose 2.8%, for the biggest gains among Tel Aviv 25 shares. Psagot Investment House Ltd. today predicted that Israel Chemicals will report better results for first quarter than for the preceding quarter, while the company announced that it today paid NIS 400 million in royalties on potash sales in 2012.
Delek Group Ltd. (TASE: DLEKG) fell 1.6%, after issuing shares for NIS 84 million. Azrieli Group Ltd. (TASE: AZRG) also fell 1.6%, for the biggest losses among Tel Aviv 25 shares.
On the Tel Aviv 100 Index, Blue Square Real Estate Ltd. (TASE: BLSR) fell 0.8% on the day's biggest turnover of NIS 49.2 million, and Kamada Ltd. (TASE: KMDA) fell 1.2%, after publishing its financials.
Mid-Cap Scope Metal Trading and Technical Services Ltd. (TASE: SCOP) rose another 5.2%, on top of yesterday's 14.5% jump, following the publication of its first quarter financials, and Mazor Robotics Ltd. (TASE:MZOR) rose 5.6%, after announcing the sale of its second Renaissance robotic navigation system in India.
El Al Israel Airlines Ltd. (TASE: ELAL) rose 8.4%, Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) rose 4.8%, and Discount Investment Corporation (TASE: DISI) rose 4.2%.
Suny Electronics Ltd. (TASE: SUNY) was unchanged and its bonds rose by up to 9.4%, after announcing that it will sell its stakes in Internet portal Tapuz People Ltd. (TASE:TPUZ) and in vehicle collision warning system developer Mobileye Ltd.
Published by Globes [online], Israel business news - www.globes-online.com - on May 6, 2013
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