8 July 12 17:08–The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.63% to 1,076.61 points, the Tel Aviv 100 Index fell 0.64% to 984.63 points, and the BlueTech 50 Index fell 1.64% to 340.41 points. Turnover was NIS 486.5 million.

The TASE fell today in line with Friday’s losses on European markets and on Wall Street, dragged down by recession worries in Europe and poor US job numbers for June.

In the foreign currency market, options pointed to a 0.05% gain in the shekel-dollar exchange rate, compared with Friday’s representative rate, to NIS 3.932/$, and a 0.64% drop in the shekel-euro exchange rate NIS 4.836/€.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.2%, and long-term Galil CPI-linked bonds rose by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index rose 0.17%.

In the stock market, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) bucked the market with a further rise of 8.4%, the biggest gain among Tel Aviv 25 shares, after announcing a new low-cost plan last week. Its mobile peer on the index, Orange franchisee Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.3%, but Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.2%…Read More>>

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