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TASE indices rising early Monday

Teva pulls the Maof up 0.8%

TASE indices opened on the rise this morning, and are gaining further in the last few minutes of trading. The Maof-25 is climbing 0.83%, the TA-100 is gaining 0.7% and the Tel Tech is up a similar 0.67% on NIS 18 million total turnover.

Teva Pharmaceuticals (Nasdaq:TEVA) is rising 1% on the highest turnover on the floor of NIS 5.6 million, after losing 4% since last week when it announced its bid for Bayer's generic activity in France.

Partner Communications (Nasdaq:PTNR) is gaining 0.8% after Tamir Fishman gave it a Buy at High Risk rating this morning. Analysts Hagit Shani and Michael Ben-Yaacov gave the share a target price of NIS 39, 48% higher than its market price.

Bezeq is gaining 0.5% on NIS 1.6 million turnover.

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The two big banks are posting a positive trend. Bank Hapoalim is rising 0.8% and bank Leumi is climbing 0.1%.

IDB group shares are recovering this morning from the dual reports affair, which sent them diving 3% to 5% yesterday. IDB Development is gaining 0.85, as is Discount Investment Corporation. Clal Industries is rising by a sharper 1.1%.