14 October 12 17:17–The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.10% to 1,215.62 points, the Tel Aviv 100 Index fell 0.15% to 1,075.63 points, and the BlueTech 50 Index fell 0.73% to 337.23 points. Turnover was NIS 746.8 million.
The TASE fell slightly today, in line with losses on European markets and a mixed session on Wall Street on Friday.
In the bond market, both long-term Shahar government bonds rose by up to 0.1% and long term CPI-linked Galil bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index rose 0.26%.
In the foreign currency market, options pointed to a 0.35% drop in the shekel-dollar exchange rate, compared with Friday’s representative rate, to NIS 3.826$, and to a 0.37% drop in the shekel-euro exchange rate to NIS 4.963/€.
In the stock market, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 7.4%, for the biggest gain among Tel Aviv 25 shares, on reports that Haim Saban is in talks to acquire the Orange franchisee. Its mobile peer, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 6.1%, and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.5%.
Partner’s parent company Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) rose 42%, and its parent company Suny Electronics Ltd. (TASE: SUNY) rose 8.5%.
Tamar and Leviathan partners were the biggest losers among Tel Aviv 25 shares, with Avner Oil and Gas LP (TASE: AVNR.L) down 3.5% and Delek Drilling LP (TASE: DEDR.L) down 2%, while their parent company Delek Group Ltd. (TASE: DLEKG) fell 3%, after their Leviathan partner Noble Energy Inc. (NYSE: NBL) lowered the estimate for oil in the structure’s lower strata on Thursday, and despite today’s report of a $4 billion deal for Tamar with independent power producer Dorad Energy…Read More>>