Sun: Tel Aviv 25 Index 1.1% shy of record

Israel Chemicals led today's gains on the largest trading turnover, but Teva and Opko Health fell back.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.86% to 1,327.19 points, the Tel Aviv 100 Index rose 0.84% to 1,202.76 points, and the BlueTech 50 Index rose 0.50% to 329.43 points. Turnover was NIS 626.4 million.

The TASE rose today, in line with gains on European markets and on Wall Street on Friday. The Tel Aviv 25 Index is 1.1% shy of its all-time high, reached in April 2011.

In the foreign currency market, options pointed to a 0.14% gain in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.524/$, and a 0.48% gain in the shekel-euro exchange rate to NIS 4.757/€.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.50%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) rose 3.5%, for the biggest gain among Tel Aviv 25 shares, on the day's biggest turnover of NIS 28.3 million. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 1.6% for the biggest loss on the index, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.6%.

Elsewhere in the market, Can-Fite BioPharma Ltd. (TASE:CFBI; Bulletin Board: CANFY) rose 11% in heavy trading, after obtaining approval to list its ADRs on the NYSE MKT.

Kardan NV (TASE: KRNV;AEX:KARD) rose 8.7%, after announcing the sale of its stake in Globe Trade Centre SA (WSE:GTC) (GTC Poland). Africa-Israel Investments Ltd. (TASE:AFIL) rose 7.1%, after its Russian development arm, AFI Development plc (LSE:AFID), announced a gain on the revaluation of a Moscow project.

Published by Globes [online], Israel business news - - on November 17, 2013

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

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