The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 045%, to 1,454.56 points; the Tel Aviv 100 Index rose 0.21%, to 1,246.83 points. The BlueTech Index fell 0.55%, to 294.32 points. The TelBond 20 corporate bond index fell 0.14%, to 308.95 points. Turnover totaled NIS 1.33 billion.

The Tel Aviv 25 Index rose 0.2% over the week. The index has fallen 4.29 % since the beginning of the year.

On the foreign exchange market, the representative shekel-dollar rate was set 1.39% lower, at NIS 3.9090/$, and the representative shekel-euro rate was set 0.88% higher, at NIS 4.3696/€.

Osem led trading today, and soared 21.9%, after an offer to purchase from Nestle for the shares it does not already own in the Israeli foods company. Nestle is offering to pay NIS 82.50 per share, a more than 25% premium on today's opening market price. The public currently holds 36.32% of Osem. The next two most heavily traded stocks fell: Teva by 0.43% and Bezeq by 2.62%. Tower Semiconductor rose 3.24%, and Bank Hapoalim fell 0.82%.

Notable advancers today apart from Osem were ICL, up 5.06%, Mylan, up 4.53%, and Opko Health, up 3.38%. Nice Systems fell 4.23%, and El Al fell 3.86%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 4, 2016

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