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Globes: Mon: TASE spikes in late rally

Published on Apr 16 2012 // Business and Financial News

April 16, 2012–The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 1.89% to 1,131.44 points, the Tel Aviv 100 Index rose 1.49% to 1,040.40 points, and the BlueTech 50 Index rose 1.16% to 324.31 points. Turnover was NIS 850.5 million.

A late rally sent the TASE strongly higher across the board today, reversing yesterday’s losses, in line with a mixed day in European markets and gains at the opening on Wall Street.

In the bond market, long-term Shahar unlinked government bonds fell by up to 0.1% and long-term Galil CPI-linked bonds ranged between losses of 0.1% and gains of 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.26%.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.754/$, down 0.16% on Thursday’s rate, and set the shekel-euro representative exchange rate at NIS 4.893/€, down 0.79%…Read More>>

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