Bethel Finances: Banks fail to lift TASE

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Bethel Finance news:

Mobile carriers Cellcom and Partner continue to fall due to fears of intensified competition, but it was a good day for Africa-Israel and Gazit-Globe.The Tel Aviv Stock Exchange (TASE) dipped slightly today. The Tel Aviv 25 Index fell 0.04% to 1,330.73 points, the Tel Aviv 100 Index fell 0.09% to 1,208.93 points, and the TechBlue 50 Index fell 0.52% to 288.17 points. Turnover was NIS 1.96 billion.

In the foreign currency market, the shekel-dollar representative exchange rate fell 0.84% to NIS 3.417/$, and the shekel-euro representative exchange rate fell 0.44% to NIS 4.959/€.

In the bond market, long-term Shahar bonds rose by up to 0.2%, but long term Galil CPI-linked bonds fell by up to 0.3%. The corporate bond benchmark Tel-Bond 20 Index fell 0.04%.

In the stock market, the Banking Index and Real Estate 15 Index stood out on the positive side today. Israel Discount Bank (TASE: DSCT) rose 1.5% and Gazit-Globe Ltd. (TASE: GLOB) rose 1.6%. They were also the top gainers among Tel Aviv 25 shares.

Africa-Israel Investments Ltd. (TASE:AFIL), which is on the Tel Aviv 100 Index, rose 2% to NIS 28.08. Deutsche Bank today reiterated its "Hold" recommendation for the share, but raised its target price to NIS 25.50 from NIS 23.50.

Two days after the mobile carriers tender, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell a further 0.7% and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell another 0.2%.

Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell another 0.3% after yesterday drop of 3.4%. Perrigo Company (Nasdaq:PRGO; TASE:PRGO) continued its climb, rising another 1.1%.

Pluristem Therapeutics Ltd. (Nasdaq:PSTI; DAX: PJT: PLTR) rose 4.6% after announcing positive follow-on results of its stem cell-based treatment for blocked arteries in the limbs.

Leviathan partner Ratio Oil Exploration (1992) LP (TASE:RATI.L) fell 5.6% on the day's largest turnover of NIS 188 million.

Israel Land Development Company Energy Ltd. (TASE: IE) rose 3.7% following its presentation to investors about its development plans for its natural gas licenses.