Israel Chemicals lifts market

Israel Chemicals and parent company Israel Corp. rose strongly, but the Tamar partners resumed their slide.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.39% to 1,233.61 points, the Tel Aviv 100 Index rose 0.41% to 1,092.59 points, and the BlueTech 50 Index rose 0.13% to 339.14 points. Turnover was NIS 1.27 billion.

The TASE rose again today in line with gains on European markets and at the opening on Wall Street. Yesterday, the Central Bureau of Statistics announced the Consumer Price Index (CPI) was unchanged in September, defying analysts’ expectations of a rise of up to 0.5%. Today, it announced, in its First Annual Flash Estimates, that GDP growth will slow to 3.5% in 2012 from 4.6% growth in 2011 and 5% growth in 2010

In the bond market, long-term Shahar unlinked government bonds rose by to 0.5% but long-term Galil CPI-linked bonds fell by up to 0.5%. The corporate bond benchmark Tel-Bond 20 Index fell 0.02%.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.813/$, down 0.08% on yesterday’s rate, and set the shekel-euro representative exchange rate at NIS 4.962/€, up 0.19%.

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