The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 1.50% to 1,090.39 points, the Tel Aviv 100 Index rose 1.47% to 987.14 points, and the BlueTech 50 Index rose 1.68% to 250.29 points. Turnover was NIS 2.28 billion.
The TASE ended its eight-day losing streak, as Tel Aviv 25 Index recovered a quarter of yesterday's 7% fall in a volatile session. Asian and European markets fell today, and Wall Street opened lower.
The TASE will be closed on Tuesday for the Tisha B'Av fast.
In the foreign currency market, the shekel-dollar representative exchange rate rose 0.91% to NIS 3.552/$, and the shekel-euro representative exchange rate rose 1.28% to NIS 5.07/€.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.3%, but long-term Galil CPI-linked bonds fell by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index fell 0.24%.
In the stock market, Strauss Group Ltd. (TASE:STRS) rose 5.2% for the biggest gain among Tel Aviv 25 shares.
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 1.7% on the day's largest turnover of NIS 160 million.
Mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 2.4%, and Makhteshim Agan Industries Ltd. (TASE: MAIN) rose 2.6%, after the companies published their financials for the second quarter. Their parent company, IDB Holding Corp. Ltd. (TASE:IDBH) unit Discount Investment Corporation (TASE: DISI), however, fell another 4.4% on top of yesterday's 17.5% plunge.
Israel Discount Bank (TASE: DSCT) rose 4.7%. UBS named the bank as one of its 20 stock picks in Europe. Bank Hapoalim (TASE: POLI) rose 4.9% and Bank Leumi (TASE: LUMI) rose 4.9%, reversing yesterday's falls, and driving the Banking Index up 3.1%.
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