Bethel Finances: Tue: Teva weighs down TASE

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Bethel Finance news:

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.08% to 1,331.30 points, the Tel Aviv 100 Index fell 0.31% to 1,210.04 points, and the TechBlue 50 Index fell 0.92% to 289.68 points. Turnover was NIS 1.82 billion.

The TASE fell slightly today after two days of gains. The Banking Index and the Oil Gas Index both bucked the trend. The Tel Aviv 25 Index is now 1% shy of its all-time high.

In the bond market, both long-term Shahar bonds rose by up to 0.2% and long- term Galil CPI-linked bonds ranged between losses of 0.1% and gains of 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.15%.

In the foreign currency market, the shekel-dollar representative exchange rate rose 0.15% to NIS 3.446/$, and the shekel-euro representative exchange rate rose 0.07% to NIS 4.981/€.

In the stock market, mobile carriers Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) were the center of attention, falling 3.4% and 2.2%, respectively. Yesterday, Mirs Communications Ltd. and 018 Xfone Communications Ltd. won the tender for two new mobile carriers.

Cellcom's parent company, Discount Investment Corporation (TASE: DISI), one of the holding companies of Nochi Dankner-controlled IDB Holding Corp. Ltd. (TASE:IDBH), fell 2.3%.

Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell 3.4% on the day's largest turnover of NIS 212 million, after publishing results of the Phase III clinical trial of Laquinimod, its oral treatment for multiple sclerosis.

Perrigo Company (Nasdaq:PRGO; TASE:PRGO) rose another 3.5% to complete a 6.2% gain since Sunday.

Israel Chemicals Ltd. (TASE: ICL) rose 0.9% after its UK subsidiary Cleveland Potash Ltd. won a ₤15 million UK government grant.

In real estate, Africa-Israel Investments Ltd. (TASE:AFIL) fell 1%. Midroog Ltd. today gave its bonds a Baa2 rating. Melisron Ltd. (TASE: MLSR) rose 2%, after completing its acquisition of the 71% controlling interest in British-Israel Investments Ltd. (TASE: BRTS) for NIS 1.7 billion. British Israel rose 1%.