The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.21% to 1,350.13 points, the Tel Aviv 100 Index fell 0.24% to 1,217.45 points, and the BlueTech 50 Index dipped 0.04% to 326.11 points. Turnover was NIS 1.28 billion.
The TASE fell today, after seesawing during the session, despite gains on European markets and at the opening on Wall Street. As the market closed, the Bank of Israel announced that it was keeping the interest rate for December unchanged at 1%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.563/$, up 0.11% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.816/€, up 0.26%.
In the bond market, government Shahar unlinked shekel bonds rose and CPI-linked Galil bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.03%.
In the stock market, telcos pulled the market down. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.2% and mobile carriers Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 2.1% and 1.5%, respectively for the biggest losses among Tel Aviv 25 shares.
Mizrahi Tefahot Bank (TASE:MZTF) rose 1.6% for the biggest gain among Tel Aviv 25 shares.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.1%, on the day's biggest turnover of NIS 81.7 million, after announcing settling patent infringement cases with Mylan Inc. (Nasdaq: MYL). Israel Chemicals Ltd. (TASE: ICL) fell 0.2%, after announcing 130 layoffs at a subsidiary.
On the Tel Aviv 100 Index, Alrov Properties and Lodgings Ltd. (TASE: ALRPR) and Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI; TASE: BSI) fell 5% and 6.6%, respectively, after publishing poor third quarter financials. Given Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN) rose 1.3%, on reports that its controlling shareholder, IDB Holding Corp. Ltd. (TASE:IDBH), was again in talks to sell its stake in the company.
Mid-cap Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) rose another 78.9%, on top of yesterday's 28% jump, on speculation about the company's future.
Published by Globes [online], Israel business news - www.globes-online.com - on November 25, 2013
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