Tue: Steep Teva fall pushes TASE down

Teva continued its remarkable decline but NICE Systems bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.24% to 1,562.08 points; the Tel Aviv 125 Index fell 0.07% to 1,448.21 points; and the BlueTech Global Index fell 0.40% to 362.52 points. The TelBond 20 corporate bond index rose 0.13% to 358.83 points. Trading turnover was NIS 3.07 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.250% today at NIS 3.614/$ from last Friday's rate, and set the shekel-euro rate up 0.238% at 4.044/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 6.94% today for the biggest fall on the Tel Aviv 35 Index. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 6.20% after publishing disappointing financials, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.74% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.02%. Israel Discount Bank (TASE: DSCT) fell 1.35% on the day's biggest trading turnover, Israel Chemicals (TASE: ICL: NYSE: ICL) fell 0.98% and Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 4.66%.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.49% for the biggest rise on the Tel Aviv 35 Index. Bank Leumi (TASE: LUMI) rose 0.64% and Mizrahi Tefahot Bank (TASE:MZTF) fell 0.64%.

Published by Globes, Israel business news - en.globes.co.il - on May 28, 2019

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

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