Tue: TASE tumbles led by Teva and banks

Teva, Israel Chemicals and the big banks led the losses today as Perrigo bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.77% to 1,584.40 points; the Tel Aviv 125 Index fell 1.79% to 1,428.65 points; and the BlueTech Global Index fell 1.95% to 373.82 points. The TelBond 20 corporate bond index fell 0.06% to 346.44 points. Trading turnover was NIS 1.44 billion. the TASE was sharply down in line with world markets.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.520% at NIS 3.670/$ from yesterday's rate and set the shekel-euro rate up 0.257% at 4.213/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.85%, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.94% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 2.08%. Israel Chemicals (TASE: ICL: NYSE: ICL) fell 3.74% and parent company Israel Corporation (TASE: ILCO) fell 4.22% for the biggest fall on the Tel Aviv 35 Index today.

Bank Leumi (TASE: LUMI) fell 1.81% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 1.94%, Israel Discount Bank (TASE: DSCT) fell 2.14% and Mizrahi Tefahot Bank (TASE:MZTF) fell 1.74%.

Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 0.77% for the biggest rise on the Tel Aviv 35 Index. Mazor Robotics Ltd. (TASE:MZOR) rose 0.66% and Sodastream International Ltd. (Nasdaq: SODA; TASE: SODA) rose 0.31%.

Published by Globes, Israel business news - en.globes.co.il - on October 23, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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