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Market Report / TA-25 loses 0.9%, Israel Chemicals off 22% in a month By Tal Levy The Tel Aviv Stock Exchange lost ground yesterday, with the TA-25 index of blue-chips down 0.9% to close at 1,028 points. The TA-100 fell 1% and ended the day at 940 points. For the week, the TA-25 rose 1.9% and the TA-100 was up 2.6%. The July TA-25 options expired yesterday morning. The level of the index at expiry time was 1,045 points - a 0.74% rise over yesterday's opening, before the TASE headed south for the day. Advertisement Turnover was a hefty NIS 3.3 billion, a third of which came from the morning's options expiration trading. Otherwise, trading was relatively stable for most of the day, but when U.S. markets opened late in the afternoon and dropped, Tel Aviv followed suit. Investors have been torn in recent days between two contradictory trends: the slowdown in economic growth in the U.S., and the dollar's rebound. Oil prices have also fallen 15% over two weeks, and yesterday oil prices reached $122.44 a barrel, down from $147 on July 11. Other commodity prices, such as corn and gold, also fell. Investors are also waiting for next Monday, when the Bank of Israel will make its official announcement of August interest rates, which most analysts believe will remain at 3.75%. Israel Chemicals was the share most affected by the fall in commodities prices, and has dropped 22% in the past month. Israel Chemicals produces potash used in fertilizer, so the fall in agricultural prices hits it hard. The Israel Corporation, the parent of Israel Chemicals, fell 31% over the last month. Makhteshim Agan was stable, as IBI forecast yesterday strong second-quarter financial reports for the agro-chemical maker. El Al shares took off on news of lower oil prices over the past week, as fuel is one of its largest expenses. Teva has now risen 12% in a week on news of its purchase of Barr Pharmaceuticals for $7.5 billion, and rose 1.6% yesterday. Koor rose 15% for the week and 4.2% yesterday. Starling had jumped 36% during trading, but closed the day unchanged. Yesterday it announced progress in negotiating a $60 million deal for antennas. Bookmark to del.icio.us   Former top spy speaks Ex-Mossad chief Halevy says a strike on Iran would affect Israel for 100 years. Trying Hitler Did a light sentence in a Munich trial pave the way for Hitler's rise to power?

Read & React Obama to PM: Iran action legitimate only if talks fail Responses: 212 Report: Ex-Mossad chief says strike on Iran could 'affect us for 100 years' Responses: 218 Iran convoy attacked reportedly while taking arms to Hezbollah Responses: 170 Report: PA mulling unilateral declaration of statehood Responses: 185 Shin Bet head Diskin: Truce with Hamas unlikely to hold Responses: 103 More Headlines 00:29 Hamas accuses Mohammed Dahlan's group for carrying out deadly Gaza blast 14:33 Report: Ahmadinejad says Iran now has 6,000 centrifuges 01:05 Security sources: Israeli prisons are training grounds for Hamas terrorists 21:22 5 drown, including 12-year-old boy, in fatal weekend on Israel's beaches 19:23 Did outcome of early Hitler trial alter the course of history? 21:49 Friends, coworkers remember beloved teacher killed in car accident in India Saturday 07:27 Report: Ex-Mossad chief says strike on Iran could 'affect us for 100 years' 12:21 Lebanese factions clash in north for second day, as death toll rises to eight 01:52 Barak: Law enforcement system must be protected from Olmert's assaults 05:24 Report: PA mulling unilateral declaration of statehood 10:56 IDF commander: We must deal with settler 'provocateurs' Previous Editions Select Day 25 jul 24 jul 23 jul 22 jul 21 jul 20 jul 18 jul 17 jul 16 jul 15 jul 14 jul 13 jul

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