Mon: Cellcom lifts market
 
 
Mon: Cellcom lifts market
 
 

Cellcom rose after reporting a rise in profit on a good

day for telecoms.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.34% to 1,387.96 points, the Tel Aviv 100 Index rose 0.41% to 1,237.86 points, and the BlueTech 50 Index rose 0.74% to 306.86 points. Turnover was NIS 882.8 million.

The TASE rose today in line with gains on European markets and at the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.472/$, down 0.115% on Friday’s rate, and set the shekel-euro representative exchange rate at NIS 4.649/€, down 0.011%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.04%.

In the stock market, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.44% after reporting a rise in profit for the second quarter despite lower revenue. It was a good day for telecom companies with Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) up 0.90%, and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) continuing a fine run following its financials last week, up 0.15%.

Delek Group Ltd. (TASE: DLEKG) rose 1.58% for the largest rise on the Tel Aviv 25 Index and Israel Discount Bank (TASE: DSCT) rose a further 1.08%.

Almost all the shares on the Tel Aviv 25 Index rose today with the biggest decliner being Opko Health Inc. (NYSE: OPK; TASE: OPK), which fell 0.67%.

 

 
 

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