16 August 12 16:57–The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.74% to 1,099.66 points, the Tel Aviv 100 Index rose 0.84% to 982.03 points, and the BlueTech 50 Index rose 1.07% to 338.81 points. Turnover was NIS 936.3 million.

The TASE rose today despite a mixed day on European markets but in line with gains at the opening on Wall Street. The Central Bureau of Statistics today announced that GDP grew by an annualized 3.2% for the second quarter, well above estimates, after announcing yesterday that the Consumer Price Index (CPI) for July rose by 0.1%.

The Tel Aviv 25 Index fell 0.7% for the week, after rising 1% last week.

In the bond market, long-term Shahar unlinked government bonds rose by to 0.1% and long-term Galil CPI-linked bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.58%.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 4.043/$, up 0.25% on yesterday’s rate, and set the shekel-euro representative exchange rate at NIS 4.961/€, up 0.15%.

In the stock market, telcos rose strongly for the third straight day. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 10.9% for the biggest gain among Tel Aviv 25 shares, while Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 7.4%, and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 3.8%…Read More>>

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