The Tel Aviv Stock Exchange (TASE) fell today amid market volatility caused by Russia's financial problems. The Tel Aviv 25 Index fell 1.01% to 1,463.51 points, the Tel Aviv 100 Index fell 1.36% to 1,294.10 points, and the BlueTech 50 Index fell 2.31% to 315.33 points. Turnover was NIS 2.22 billion.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.935/$, up 0.408% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.923/€, up 1.084%.
In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell sharply. The corporate bond benchmark Tel-Bond 20 Index plunged 1.64%.
In the stock market, Delek Group Ltd. (TASE: DLEKG) continued its losing streak, down 2.2%, and its energy exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) were down 3.23% (the largest fall on the Tel Aviv 25 Index) and 2.78% respectively.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.05% for the largest rise on the Tel Aviv 25 Index on the day's largest trading turnover.
The banks lost ground today with Bank Hapoalim (TASE: POLI) down 3.02% and Bank Leumi (TASE: LUMI) down 1.55%.
Real estate companies with major interests in real estate in Russia were down sharply today. Africa-Israel Investments Ltd. (TASE:AFIL) was down 8.21% and Jerusalem Economy Ltd. (TASE:ECJM) (JEC) was down 15.07%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 16, 2014
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