Tue: Teva leads TASE losses
The market fell today despite strong gains by Bezeq, NICE Systems and the banks.
The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.12%, to 1,692.56 points; the Tel Aviv 125 Index fell 0.35%, to 1,767.51 points; and the BlueTech Global Index fell 0.56% to 572.65 points. The TelBond 20 corporate bond index rose 0.01% to 384.26 points. Turnover totaled NIS 1.81 billion in equities and NIS 3.14 billion in bonds.
On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.522% from Monday, at NIS 3.247/$, and the representative shekel-euro rate was set 0.183% lower, at NIS 3.973/€.
On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.69% for the biggest fall on the Tel Aviv 35 Index. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 2.56% after reporting its third quarter results and Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 2.49%.Ormat Technologies Inc. (NYSE: O
Mon: Banks lift TASE
Leumi led the market today with Teva and Shikun & Binui also among the companies making the biggest gains.
The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.85%, to 1,654.45 points; the Tel Aviv 125 Index rose 1.13%, to 1,732.84 points; and the BlueTech Global Index rose 0.95%, to 595.34 points. The TelBond 20 corporate bond index rose 0.55% to 381.15 points. Turnover totaled NIS 1.75 billion in equities and NIS 3.74 billion in bonds.
On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate 0.031% lower from Friday, at NIS 3.246/$, and the representative shekel-euro rate was set 0.377% lower, at NIS 3.912/€.
Bank Leumi (TASE: LUMI) led the market rising 2.74% for the biggest rise on the Tel Aviv 35 Index on the day s biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 1.47%, Israel Discount Bank (TASE: DSCT) rose 1.71% and Mizrahi Tefahot Bank (TASE:MZTF) rose 1.47%. Teva Pharmaceutical Industries
Israeli media mogul Eli Azur buys Tamar Petroleum stake
Azur is paying NIS 100 million for Delek Drilling s 22.6% stake in Tamar offshore gas field partner Tamar Petroleum.
Israeli media mogul and businessman Eli Azur has entered the natural gas sector by acquiring some of Yitzhak Tshuva s holdings in the Tamar offshore gas field. Following yesterday s report that Delek Drilling LP (TASE: DEDR.L), controlled by Tshuva s Delek Group Ltd. (TASE: DLEKG), was selling its 22.6% stake in Tamar Petroleum (TASE: TMRP) for NIS 100 million, it has now been reported that the buyer is Azur.
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This is Azur s second major deal over the past year after buying the Walla! news website from Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) for NIS 65 million. Market sources believe that Azur, who also owns the Jerusalem Post, Maariv, and radio stations FM 99 and FM 103, will have no difficulties in financing the Tamar Petroleum deal through banking credit or an investment cons
Bezeq Int l and Yes submit merger request
The Ministry of Communications is not expected to oppose the merger.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) units Bezeq International and Yes has submitted a merger request to the Ministry of Communications, sources close to the matter have informed Globes. ISP provider and international call company and satellite TV company Yes are part of Bezeq s planned Alpha subsidiary, which will also include mobile phone unit Pelephone Communications Ltd..
As part of the merger, Bezeq told the Ministry of Communications that Yes would take in the private division of Bezeq International, while the business division would be set up[ as a separate company and financial and marketing services will be provided by Pelephone.