Mon: TASE rally continues

The banks led the market rises while Bezeq rose strongly on the day's largest trading turnover.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.73% to 1,348.99 points, the Tel Aviv 100 Index rose 0.65% to 1,216.51 points, and the BlueTech 50 Index rose 0.46% to 340.23 points. Turnover was NIS 1.533 billion.

The TASE continued its rally today, 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 3.503/$, down 0.426% on Friday's rate, and the shekel-euro representative exchange rate at NIS 4.797/€, up 0.017%.

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, the banks led the market rises with Bank Hapoalim (TASE: POLI) up 2% on the day's largest trading turnover and Bank Leumi (TASE: LUMI) up 1.2%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 3.8% for the biggest gain on the Tel Aviv 25 Index, while Delek Group Ltd. (TASE: DLEKG) rose 3.05% and Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) rose 2.85%.

Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 1.97% for the largest fall on the Tel Aviv 25 Index while Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) was down 0.72% and Israel Chemicals Ltd. (TASE: ICL) was down 0.65%.

Among small cap companies Can-Fite BioPharma Ltd. (TASE:CFBI; Bulletin Board: CANFY) rose 24% after reporting positive results of a trial.

Published by Globes [online], Israel business news - - on December 23, 2013

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

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