Thu: Tel Aviv 25 down 0.3% on week

Delek Group had the biggest loss among Tel Aviv 25 shares, while NICE Systems had the biggest gain in a flat market.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.16% to 1,201.28 points, the Tel Aviv 100 Index fell 0.18% to 1,095.28 points, but the BlueTech 50 Index rose 0.55% to 320.97 points. Turnover was NIS 853.7 million.

A late plunge sent the leading TASE indices into negative territoryy, despite gains on European markets and at the opening on Wall Street. The Tel Aviv 25 Index fell 0.3% for the week.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.587/$, up 0.56% on yesterday's rate, and set the shekel-euro exchange rate at NIS 4.773/€, down 0.08%.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.08%.

In the stock market, Azrieli Group Ltd. (TASE: AZRG) rose 0.3%, after publishing its financials.

Delek Group Ltd. (TASE: DLEKG) fell 3% for the biggest loss among Tel Aviv 25 shares, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2.7%, for the biggest gain on the index.

Israel Discount Bank (TASE: DSCT) fell 2.3%, after CEO Reuven Spiegel announced his resignation, which will come into effect in March 2014.

Israel Chemicals Ltd. (TASE: ICL) fell 0.2% on the day's biggest turnover of NIS 64.8 million and parent company Israel Corporation (TASE: ILCO) rose 0.6%.

On the Tel Aviv 100 Index, Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) fell 1.2%, after publishing its financials.

Small-cap EndyMed Ltd. (TASE: ENDY) rose 27.4%, after obtaining US Food and Drug Administration (FDA) approval for its wrinkle treatment device. Small-cap Kafrit Industries Ltd. (TASE:KAFR) rose 21.1%, after publishing its financials.

Published by Globes [online], Israel business news - www.globes-online.com - on August 22, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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