Wed: Stocks keep rising

The TASE rose again today, with Oil Refineries correcting upwards and Opko Health a notable riser, while Teva fell slightly.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.31% to 1,307.00 points, and the Tel Aviv 100 Index rose 0.27% to 1,176.69 points, and the BlueTech 50 Index rose 0.32% to 341.27 points. Turnover was NIS 1.15 billion.

The TASE rally continued today, in line with gains at the opening on Wall Street, and despite losses on European markets.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.554/$, up 0.23% on yesterday's rate, and set the shekel-euro exchange rate at NIS 4.812/€, up 0.56%.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.13%.

In the stock market, Opko Health Inc. (NYSE: OPK); TASE: OPK) rose another 3.7% today, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell another 0.4%.

Israel Chemicals Ltd. (TASE: ICL) fell 1.6% on the day's biggest turnover of NIS 98.9 million. Oil Refineries Ltd. (TASE:ORL) rose 3.8% for the biggest gain among Tel Aviv 25 shares, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.9% for the biggest loss on the index.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.5%, after announcing a follow-on contract in Korea.

Published by Globes [online], Israel business news - - on October 16, 2013

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

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