Mon: Banks boost market

Hapoalim, Leumi, Discount and Mizrahi-Tefahot all rose strongly while Opko Health ended its losing streak.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 1.04% to 1,328.69 points, the Tel Aviv 100 Index rose 0.99% to 1,192.19 points, and the BlueTech 50 Index rose 0.53% to 323.67 points. Turnover was NIS 1.23 billion.

The TASE rose today, ending its losing streak, in line with gains 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 3.507/$, up 0.11% on Friday's rate, and the shekel-euro representative exchange rate at NIS 4.834/€, up 0.24%.

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 0.14%.

In the stock market, Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 1% after losing 23% over the past three trading days.

The banks boosted the market with Bank Leumi (TASE: LUMI) up 2.95%, Bank Hapoalim (TASE: POLI) up 2.9%, on the day's largest trading turnover, Israel Discount Bank (TASE: DSCT) up 2.7% and Mizrahi Tefahot Bank (TASE:MZTF) up 3.1%.

Delek Group Ltd. (TASE: DLEKG) rose 3.7% for the largest gain on the Tel Aviv 25 Index while Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.85% for the largest loss on the Tel Aviv 25 Index.

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

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

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