Mon: Teva plunges to new depths

Teva dragged the market down today but Delek Drilling and Tower were in positive territory.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.37% to 1,598.93 points; the Tel Aviv 125 Index fell 0.25% to 1,491.14 points; and the BlueTech Global Index fell 0.31% to 373.92 points. The TelBond 20 corporate bond index rose 0.22% to 365.85 points. Trading turnover was NIS 938.5 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.338% today at NIS 3.539/$ from Friday's rate, and set the shekel-euro rate down 0.240% at 3.990/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 8.61% for the biggest fall on the Tel Aviv 35 Index today on the day's biggest turnover after Morgan Stanley slashed its price target to $6. Energean Oil & Gas plc (LSE: ENOG; TASE: ENOG) fell 2.02%, Mizrahi Tefahot Bank (TASE:MZTF) fell 1.15% and Bank Leumi (TASE: LUMI) fell 1.31%.

Delek Drilling LP (TASE: DEDR.L) rose 4.50% for the biggest rise on the Tel Aviv 35 index today. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 2.43% and Israel Discount Bank (TASE: DSCT) rose 1.84%. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.78% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.41%.

Published by Globes, Israel business news - en.globes.co.il - on July 15, 2019

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

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