TA-25 edges up to another record

TA-25 up 0.16 percent to 913.76; TA-100 rises 0.26% to 924.07; Tel-Tech 15 issues added 0.14% to 375.4.

November 13, 2006 10:59
1 minute read.


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MarketWatch: In-depth global business coverage Israeli stocks closed higher, with the TA-25 creeping up to a historic high, led by strength in real-estate firm Gazit-Globe though gains were limited by weakness in Teva Pharmaceutical and Israel Chemicals. The Tel Aviv Stock Exchange's benchmark TA-25 index rose 0.16 percent to 913.76, edging past its record of 913.09, set November 6. The TA-100 rose 0.26% to 924.07; it set its record of 925.98 the same day. The Tel-Tech 15 index of top technology issues added 0.14% to 375.4. It set its record of 482.78 on Jan. 20, 2004. Teva, the most-active issue, trading down 3.1% to NIS 135, Gazit-Globe added 3.1% to NIS 57.03 and Israel Chemicals fell 1.6% to NIS 24.69. Rabintex, which produces protective clothing and armored material for cars, jumped 6.4% to NIS 18.04 after the company's controlling holders agreed to sell a 60% stake for $30 million to Inspire Investments, which rose 2.7% to NIS 2.99. Tapuz People leaped 11% to 6.96. The company said it's in talks for a British media company that it did not identify to license its Blog TV platform for operation in the UK. Tefen Industrial Engineering finished unchanged at NIS 35.31. The company's British subsidiary agreed to pay as much as 2.5 million for two British management-consulting firms. The total will depend on the performance of the firms. Partner Communications rose 0.5% to NIS 50.03. The Israeli affiliate of the Orange cellular network was cut to "market perform" from "buy" at investment firm Meitav. The shekel closed Friday at 4.289 to the dollar. That's a 0.81% strengthening by the greenback. The shekel doesn't trade on Sundays. MarketWatch: In-depth global business coverage

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