TASE rises despite tensions in South

March 11, 2012 23:37


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The TASE reopened Sunday after a three-day break because of the Purim holiday, and in the shadow of the renewed fighting in the South. Despite the tension, the TASE rose in thin trading, after European markets and Wall Street rose on Friday.

In the bond market, long-term Shahar unlinked government bonds fell by up to 0.2% and long-term Galil CPI-linked fell between 0.4% to rises of 0.1%. The corporate bond benchmark Tel-Bond 20 Index was unchanged.In the foreign currency market, options pointed to a 0.57% fall in the shekel-dollar exchange rate, compared with last Wednesday’s (pre-Purim) representative rate, to NIS 3.786/$, and pointed to a 0.6% drop in shekel-euro exchange rate to NIS 4.974/euro.

In the stock market, rises were led by NICE Systems Ltd., which was up 5.1%. Israel Chemicals Ltd. rose 3% on the day’s largest trading turnover, while its parent company Israel Corporation rose 2.9%. Ormat Industries Ltd. rose 2.4% on the news that First Israel Mezzanine Investors Fund is expected to complete acquisition of 12% of Ormat’s shares from the founders Yehuda and Yehudit Bronicki.

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