News Column

Thu: Tel Aviv 25 Index down 2.5 percent in January

January 31, 2014

By Aviv Levy, Globes, Tel Aviv, Israel

Jan. 31 -- The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.64 percent to 1,299.54 points, the Tel Aviv 100 Index fell 0.32 percent to 1,199.66 points, but the BlueTech 50 Index rose 0.10 percent to 344.78 points. Turnover was NIS 2.15 billion . The TASE fell today, despite gains in European markets and at the opening on Wall Street . The Tel Aviv 25 Index fell 2 percent for the week and 2.5 percent in January. In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.492 /$, up 0.06 percent on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.749euro , down 0.20 percent. In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government were mixed. The corporate bond benchmark Tel-Bond 20 Index rose 0.05 percent. In the stock market, Delek Group Ltd. (TASE: DLEKG) fell 1.6 percent, on reports that it was in talks to sell Delek Europe BV and reports that it will sell the Alon A and Alon C licenses and not just the gas discoveries in them. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA ; TASE: TEVA ) fell 0.3 percent on the day's biggest turnover of NIS 169.7 million . Israel Chemicals Ltd. (TASE: ICL) fell 2.5 percent and parent company Israel Corporation (TASE: ILCO) fell 2.7 percent, for the biggest loss among Tel Aviv 25 shares. Israel Discount Bank (TASE: DSCT) bucked the market, with a rise of 0.8 percent, for the biggest gain among Tel Aviv 25 shares. ___ (c)2014 Globes (Tel Aviv, Israel) Visit the Globes (Tel Aviv, Israel) at Distributed by MCT Information Services

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Source: Globes (Tel Aviv)

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