Wed: TASE loses ground on election concerns

Opko, Elbit and Delek led the losses today as Tower bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.71% to 1,636.48 points; the Tel Aviv 125 Index fell 0.65% to 1,474.52 points; and the BlueTech Global Index fell 0.58% to 377.66 points. The TelBond 20 corporate bond index fell 0.04% to 345.94 points. Trading turnover was NIS 1.39 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.244% at NIS 3.698/$ from yesterday's rate and set the shekel-euro rate down up 0.455% at 4.169/€.

On the market, Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 6.91% for the biggest fall on the Tel Aviv 35 Index. Delek Group Ltd. (TASE: DLEKG) fell 2.53%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 2.62% despite signing a major new deal, and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 2.04%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.64%, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.86% and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.57%. Bank Leumi (TASE: LUMI) fell 0.62% on the day's biggest trading turnover.

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 2.82% for the day's biggest rise on the Tel Aviv 35 index. Mizrahi Tefahot Bank (TASE:MZTF) rose 0.30% and Bank Hapoalim (TASE: POLI) rose 0.27%.

Published by Globes, Israel business news - en.globes.co.il - on November 14, 2018

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

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