The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.25% to 1,348.95 points, and the Tel Aviv 100 Index fell 0.18% to 1,242,90 points, but the BlueTech 50 Index rose 0.61% to 363,84 points. Turnover was NIS 1.4 billion. The Tel Aviv 25 Index rose 1.9% for the week.
In the foreign exchange market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.492/$, up 0.26% on yesterday's rate, and set the shekel-euro exchange rate at NIS 4.752/€, up 0.23%.
In the bond market, 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 0.12%.
In the stock market, Israel Corporation (TASE: ILCO) rose 3.5%, after reaching a debt settlement for its subsidiary, Zim Integrated Shipping Services Ltd.. Another subsidiary, Israel Chemicals Ltd. (TASE: ICL), rose another 4.6%, for the biggest gain among Tel Aviv 25 shares and on the day's biggest turnover of NIS 187.5 million.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 4% for the biggest loss among Tel Aviv 25 shares.
On the Tel Aviv 100 Index, Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) rose another 6.6% on top of yesterday's 12.7% jump, after net neutrality rules were struck down by a US appeals court. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose another 0.8% today, following a recommendation by Jim Cramer.
Koor Industries Ltd. (TASE:KOR) rose 0.8%, after selling its remaining stake in Credit Suisse Group AG (NYSE: CS; SWX: CSGN; XETRA: CSGZ).
Elsewhere in the market, Pilat Media Global Ltd. (AIM: PGB; TASE: PLMG) rose 32.3%, after announcing its sale to SintecMedia Ltd.
Published by Globes [online], Israel business news - www.globes-online.com - on January 16, 2014
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