Market Report / Biomed and Tech Lead TASE Higher

Despite a drop in energy shares on reports of technical problems at the Tamar gas field, the Tel Aviv Stock Exchange edged up with help from Prolor Biotech and others.

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The Tel Aviv Stock Exchange rose on Wednesday, led by technology and biomed shares after OPKO Health agreed to buy Israel-based biopharmaceutical company Prolor Biotech for stock worth about $480 million.