Tue: TA 25 Index roars past 1,700 points to record

Tel Aviv Stock Exchange

Teva, Perrigo, Opko, the banks, and gas stocks led the rises but Elbit Systems and Israel Chemicals lost ground.

The Tel Aviv Stock Exchange (TASE) rose today to a new record. The Tel Aviv 25 Index rose 1.51% to 1,708.43 points breaking over 1,700 points for the first-time ever, the Tel Aviv 100 Index rose 1.41% to 1,478.87 points, and the BlueTech 50 Index rose 1.50% to 375.03 points. Turnover was NIS 1.89 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.852/$, up 0.864% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.317/€, down 1.001%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.15%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.55% and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 4.11%, and Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 2.44%.

Delek Group Ltd. (TASE: DLEKG) rose 2.54% and its energy production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 3.34% and 2.78% respectively after reporting positive financials.

Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 4.46% for the biggest rise on the Tel Aviv 25 Index and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.30% on the day's biggest trading turnover.

The bank's performed strongly today with Bank Leumi (TASE: LUMI) up 1.46%, Bank Hapoalim (TASE: POLI) up 1.66% and Israel Discount Bank (TASE: DSCT) up 1.95%.

Among the few shares to fall today were Israel Chemicals (TASE: ICL: NYSE: ICL), which fell 1.09% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), which was down 1.22%, for the biggest fall on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on May 19, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
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