The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.34% to 1,263.47 points, the Tel Aviv 100 Index rose 0.29% to 1,146.08 points, but the TechBlue 50 Index fell 0.08% to 285.53 points. Turnover was NIS 1.47 billion.
After losing ground in morning trading, the leading TASE indices recovered to end the day with gains. The Tel Aviv 25 Index rose 1% for the week.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.1%, but long-term Galil CPI-linked bonds fell by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.08%.
In the foreign currency market, the shekel-dollar representative exchange rose 0.26% to NIS 3.428/$, but the shekel-euro representative exchange rate fell 0.22% to NIS 4.852/€.
In the stock market, Tamar partner Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) rose 4.8% for the biggest gains among Tel Aviv 25 shares, on the day's second largest turnover, amid market assessments that the Tamar partner will soon sign a gas supply contract with Israel Electric Corporation (IEC) (TASE: ELEC.B22).
Isramco's Tamar partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 2.5% and 2.7%, respectively, while their parent company, Delek Group Ltd. (TASE: DLEKG), rose 1.3%.
Israel Corporation (TASE: ILCO) rose 2.3% on the day's largest turnover of NIS 131 million, after its controlling shareholder loaned shares in the company.
Paz Oil Company Ltd. (TASE:PZOL) rose 0.6% to NIS 573.50, despite a downgrade to "Market perform" with a target price of NIS 626 by Bank Hapoalim, which cited intensifying competition and slower growth in fuel consumption.
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell 1.2% for the biggest drop among Tel Aviv 25 shares, closing its negative arbitrage gap with Nasdaq.
IDB Holding Corp. Ltd. (TASE:IDBH) unit Property and Building Ltd. (TASE: PTBL) rose 3.3% following the success of a bond offering. The company doubled the offering to NIS 400 million, after it was oversubscribed four-fold.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 3.4% after publishing strong second quarter financials
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