Mon: TASE lower as global markets fall

Banks and insurance stocks fell hard as Elbit Systems and ICL bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.46%, to 1,935.95 points; the Tel Aviv 125 Index fell 0.77%, to 2,014.20 points; and the BlueTech Global Index fell 0.80% to 476.06 points. The All Bond corporate bond index fell 0.04% to 387.40 points. Turnover totaled NIS 3.02 billion in equities and NIS 3.75 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 1.14% from Friday, at NIS 3.282/$, and the representative shekel-euro rate was set 0.587% lower at NIS 3.556/€.

On the market, Israel Phoenix Assurance Ltd. (TASE:PHOE1; PHOE5) fell 4.95% and Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) fell 4.43%. Bank Leumi (TASE:LUMI fell 2% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 1.02%, Israel Discount Bank (TASE: DSCT) fell 1.51% and Mizrahi Tefahot Bank (TASE:MZTF) fell 0.51%. Maytronics Ltd. (TASE:MTRN) fell 4.18%.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 4.79% for the biggest rise on the Tel Aviv 35 Index today. ICL (TASE: ICL: NYSE: ICL) rose 3.66% and parent company Israel Corp. (TASE: ILCO). Rose 3.44%.

Outside of the Tel Aviv 35 Index, RADA Electronic Industries Ltd. (Nasdaq: RADA; TASE: RADA) rose 3.95%, continuing its strong rally of recent weeks.

Published by Globes, Israel business news - en.globes.co.il - on March 7, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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