Israel Stocks: Stocks rise for third day; Israel Chemicals higher
Late in the trading day, the Tel Aviv Stock Exchange’s benchmark TA-25 Index rose 2% to 796.68, while the TA-100 Index (XX:1884407: news , chart , profile ) advanced 2.14% to 731.33.
The Tel-Tech 15 Index of top technology issues edged higher by 0.15% to 175.59.
Fertilizer producer Israel Chemicals was the most-active issue, advancing 4.9%.
The TA Finance 15 Index climbed 3.01% to 692.68.
The banks were uniformly higher: Hapoalim by 1.5%, Leumi by 3.5%, Discount by 2.1%, First International Issue 5 by 3.4%, Mizrachi Tefahot by 0.9% and Union by 1.7%.
Insurers also flashed green: Clal by 8.3%, Menorah by 2.9%, Migdal by 3.3% and Phoenix by 4%.
Telecoms were active and mixed. Cellcom , the country’s No. 1 cellular carrier, rose 0.7%; Bezeq, parent of fixed-line and Pelephone-brand cellular service, rose 0.4%; and Partner Communications , the Israel affiliate of the Orange cellular network, fell 1.2%.
Holding company Koor leaped more than 10%. In a statement to the TASE on Sunday, Koor said that it plans to book 256 million shekels ($60.5 million) of capital gains on sales of some of its shares in the Swiss investment bank Credit Suisse.
Koor said it now holds nearly 33 million, or almost 2.8%, of Credit Suisse’s shares.
And big pharma was healthy, with Teva rising 1.8% and Perrigo jumping 4.4%. Perrigo shares traded on Wall Street climbed a total of 6.5% on Thursday and Friday.
Israel Stocks: Stocks rise for third day; Israel Chemicals higher
Hot News: I.M.F. Planning to Sell Bonds to Finance New Loans