Wed: TASE and Teva rallies gain momentum

Teva, Perrigo and Discount Bank rose strongest on the TA 35 Index but Delek fell sharply.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.29% to 1,605.23 points; the Tel Aviv 125 Index rose 1.00% to 1,512.62 points; and the BlueTech Global Index rose 0.40% to 374.37 points. The TelBond 20 corporate bond index rose 0.02% to 364.59 points. Trading turnover was NIS 1.34 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.170% today at NIS 3.544/$ from Tuesday, and set the shekel-euro rate down 0.156% at 3.899/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 6.78% for the biggest rise on the Tel Aviv 35 Index after rising 8.27% yesterday, 4.19% on Monday and 2.80% on Sunday. Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 3.22%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.53% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.40%. International Flavors and Fragrances Inc. (NYSE: IFF; TASE: IFF) rose 3.84%. Israel Discount Bank (TASE: DSCT) rose 2.96% and Bank Leumi (TASE: LUMI) rose 1.99%.

Delek Drilling LP (TASE: DEDR.L) fell 5.44% for the biggest fall on the Tel Aviv 35 Index and parent company Delek Group Ltd. (TASE: DLEKG) fell 2.72%. Israel Chemicals (TASE: ICL: NYSE: ICL) fell 0.88%, Azrieli Group Ltd. (TASE: AZRG) fell 0.53% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.34%.

Published by Globes, Israel business news - en.globes.co.il - on September 11, 2019

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

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