3 September 12 17:27–Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.46% to 1,119.69 points, the Tel Aviv 100 Index rose 0.42% to 997.95 points, and the BlueTech 50 Index rose 0.25% to 341.13 points. Turnover was NIS 813.9 million.
The TASE rose today, in line with gains on European markets. Wall Street is closed today for Labor Day.
In its weekly review today, DS Brokerage said, “The Israeli stock market outperformed US, European, and emerging markets in the past two weeks. The last time this happened was in March.”
Excellence Nessuah said, “The TASE has been underpriced for months,” adding that the second quarter financial reports of many companies showed falling consumer demand in Israel.
In the bond market, long-term Shahar unlinked 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 0.14%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 4.02/$, down 0.20% on Friday’s rate, and set the shekel-euro representative exchange rate at NIS 5.052/€, up 0.23%.
In the stock market, real estate companies Gazit-Globe Ltd. (NYSE: GZT; TASE: GLOB) and Azrieli Group Ltd. (TASE: AZRG) rose 2.8% and 2.7%, respectively, for the biggest gains among Tel Aviv 25 shares…Read More>>