The Tel Aviv Stock Exchange (TASE) dipped today. The Tel Aviv 25 Index edged down 0.09% to 1,207.81 points, the Tel Aviv 100 Index fell 0.23% to 1,099.54 points, and the BlueTech 50 Index dipped 0.03% to 317.92 points. Turnover was NIS 842.5 million.
The TASE dipped today, in line with losses 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 3.568/$, down 0.1% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.774/€, up 0.09%.
In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds were mixed. The corporate bond benchmark Tel-Bond 20 Index fell 0.08%.
In the stock market, Strauss Group Ltd. (TASE:STRS) rose 2.1%, after publishing its financials. Delek Group Ltd. (TASE: DLEKG) rose another 3.7%, for the biggest gain among Tel Aviv 25 shares. Halman Aldubi Ltd. attributes the rally to the announcement of a special dividend, following the sale of shares in subsidiaries. Delek Group's gas exploration units, Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L), rose 2.1% and 2.5%, respectively.
Israel Chemicals Ltd. (TASE: ICL) fell 3.6%, for the biggest loss among Tel Aviv 25 shares, and on the day's biggest turnover of NIS 66.4 million. Parent company Israel Corporation (TASE: ILCO) fell 0.5%.
Elsewhere in the market, IDB Holding Corp. Ltd. (TASE:IDBH) rose 10.5%, on developments in the company's debt settlement and possible investments in it. BGI Investments (1961) Ltd. (TASE: BGI), one of the companies trying to take it over, fell 3.8%.
Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) rose 27.6%, after rising 300% last week, following bids to acquire it.
Published by Globes [online], Israel business news - www.globes-online.com - on August 20, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013