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Globes: Mon: Banks drag TASE down

Published on Aug 06 2012 // Business and Financial News, Market

6 August 12 17:21–The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.33% to 1,097/55 points, the Tel Aviv 100 Index fell 0.03% to 987.88 points, but the BlueTech 50 Index rose 0.55% to 343.02 points. Turnover was NIS 772.6 million.

The leading TASE indices fell today, despite gains in European markets and at the opening on Wall Street.

In the bond market, long-term Shahar shekel bonds fell by up to 0.2%, and long-term Galil CPI-linked bonds fell by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.16%.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.979/$, down 0.70% on Friday’s rate, and set the shekel-euro representative exchange rate at NIS 4.916/€, up 0.45%.
In the stock market, Israel Corporation (TASE: ILCO) subsidiary Oil Refineries Ltd. (TASE:ORL) fell 2.4% for the biggest loss among Tel Aviv 25 shares, despite a favorable report yesterday by Leumi Partners.

Israel Corp’s other subsidiary on the index, Israel Chemicals Ltd. (TASE: ICL), rose 0.5%. Israel Corp fell 0.3%.
EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 0.6%, ahead of the publication of its financials on Wednesday. Its high-tech peers on the index, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose another 0.4% and 0.8% respectively…Read More>>

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