Thu: Tel Aviv 25 up 1.9% on week

Bezeq was the biggest decliner on the Tel Aviv 25 list today, but there were strong gains for Israel Corp. following the debt settlement in Zim, and for Israel Chemicals.

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 - - on January 16, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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