11 July 12 17:15–The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.37% to 1,075.05 points, the Tel Aviv 100 Index fell 0.60% to 978.85 points, and the BlueTech 50 Index fell 2% to 330.01 points. Turnover was NIS 653.7 million.
The TASE fell again today, erasing yesterday’s gains, in line with losses on European markets and despite gains at the opening on Wall Street.
Bank Leumi today predicted that the 2012 deficit will reach 4% of GDP.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.963/$, up 0.18% on yesterday’s rate, and set the shekel-euro representative exchange rate at NIS 4.859/€, down 0.20%.
In the bond market, long-term Shahar bonds rose by up to 0.2%, but long term CPI-linked Galil bonds fell by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.03%.
In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.6%, after the High Court of England and Wales upheld its Copaxone patents. Its peer on the Tel Aviv 25 Index, Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 2.5%…Read More>>