The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.53% to 1,221.0 points, the Tel Aviv 100 Index rose 0.53% to 1,101.77 points, and the BlueTech 50 Index rose 0.43% to 308.66 points. Turnover was NIS 504.2 million.
The TASE rose today in thin trading, in line with gains on Wall Street on Friday, and despite a mixed session European markets.
In the foreign currency market, options pointed to a 0.42% drop in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.591/$, and a 0.22% drop in the shekel-euro exchange rate to NIS 4.694/€.
In the bond market, both long-term Shahar unlinked shekel government bonds ranged between losses of 0.1% and gains of 0.1% and long term Galil CPI-linked government bonds rose by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.20%.
In the stock market, Delek Group Ltd. (TASE: DLEKG) rose 2.6%, and its subsidiaries Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) both rose 1.8%, after announcing the discovery of extensive condensates at the Karish offshore discovery.
Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 3.9% for the biggest gain among Tel Aviv 25 shares, while Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.5%, and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.9% on the biggest turnover of NIS 38.7 million.
Osem Investments Ltd. (TASE: OSEM) fell 1.4% for the biggest loss among Tel Aviv 25 shares.
Elsewhere in the market, Bet Shemesh Engines Ltd. (TASE: BSEN) rose 15%, after announcing large German orders, El Al Israel Airlines Ltd. (TASE: ELAL) fell 2.5%, after announcing problems with the First Israel Mezzanine Investors Fund (FIMI) investment, and small-cap Vaxil Biotherapeutics Ltd. (TASE: VAXL-M) rose 1.8% on an investment by Yorkville Advisers LLC.
Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI; TASE: BSI) rose 7.4% after its Mega supermarket chain presented a new strategic plan.
Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) fell another 24%, before the TASE suspended trading in the share, after it announced that it would not oppose a petition for receivership.
Published by Globes [online], Israel business news - www.globes-online.com - on July 14, 2013
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