20 August 12 17:33Aviv Levy–The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.14% to 1,104.87 points, the Tel Aviv 100 Index fell 0.25% to 984.13 points, and the TechBlue 50 Index fell 0.29% to 334.56 points. Turnover was NIS 670.3 million.
The TASE fell today, after a positive opening, in line with losses on European markets and a mixed opening on Wall Street.
DS Brokerage said today, “The rise in geopolitical risk has recently contributed heavily to the rise in Israeli bond yields and the depreciation of the shekel against the dollar, while greatly increasing trading turnover, especially by foreigners.” It added, “The rise in Israel’s risk premium, which is linked to the geopolitical situation, is naturally weighing on the bond bank. It can only be said that this risk is especially volatile, and in the past, it quickly flattened out.”
In the bond market, long-term Shahar unlinked shekel government bonds fell by up to 0.1% but long-term Galil CPI-linked government bonds rose by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.05%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 4.034/$, up 0.15% on Friday’s rate, and set the shekel-euro representative exchange rate at NIS 4.961/€, down 0.31%.
In the stock market, Delek Group Ltd. (TASE: DLEKG) fell 2.7%, for the biggest loss among Tel Aviv 25 shares. Subsidiary Delek Israel Fuel Corporation Ltd. (TASE: DLKIS) was unchanged after publishing its financials…Read More>>