Mon: Leviathan partners lead falls

Energy stocks were today's main losers, while Israel Chemicals posted the largest gain.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.37% to 1,295.48 points, the Tel Aviv 100 Index fell 0.40% to 1,197.11 points, and the BlueTech 50 Index fell 0.07% to 345.04 points. Turnover was NIS 1.48 billion.

The TASE fell today in line with losses 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 3.521/$, up 0.66% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.75/€, up 0.24%.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government were mixed. The corporate bond benchmark Tel-Bond 20 Index rose 0.04%.

In the stock market, the Israeli partners in Leviathan corrected downwards, for the biggest losses among Tel Aviv 25 shares. Delek Group Ltd. (TASE: DLEKG) fell 2.9% and its energy exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 3.6% and 2.9%, respectively. Ratio Oil Exploration (1992) LP (TASE:RATI.L), which is on the Tel Aviv 100 Index, fell 4.2%.

Israel Chemicals Ltd. (TASE: ICL) rose 1.5%, for the biggest gain among Tel Aviv 25 shares. Parent company Israel Corporation (TASE: ILCO) rose 0.4%.

Bank Leumi (TASE: LUMI) fell 1.7% on the day's biggest turnover of NIS 86.9 million, but Bank Hapoalim (TASE: POLI) rose 0.9% on the day's second biggest turnover of NIS 81.9 million.

Published by Globes [online], Israel business news - - on February 3, 2014

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

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