Mon: US-China trade tensions drag TASE down

The banks and Teva fell today but beleaguered Bezeq bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.98% to 1,574.42 points; the Tel Aviv 125 Index fell 0.87% to 1,448.68 points; and the BlueTech Global Index fell 0.93% to 375.65 points. The TelBond 20 corporate bond index fell 0.20% to 356.66 points. Trading turnover was NIS 1.06 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.278% today at NIS 3.591/$ from Friday, and set the shekel-euro rate up 0.052% at 4.021/€.

On the market, Paz Oil Company Ltd. (TASE:PZOL) fell 2.26% for the biggest fall on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.02%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.68% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.06%.Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.68% and parent company Israel Corporation (TASE: ILCO) fell 1.38%.

Bank Hapoalim (TASE: POLI) fell 1.11% on the day's biggest trading turnover, Bank Leumi (TASE: LUMI) fell 1.58%, Israel Discount Bank (TASE: DSCT) fell 0.87% and Mizrahi Tefahot Bank (TASE:MZTF) fell 0.77%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.05% for the biggest rise on the Tel Aviv 35 Index today and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 1.35%.

Published by Globes, Israel business news - en.globes.co.il - on May 6, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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