Wed: Phoenix falls on ADQ deal discount

Phoenix and the banks fell sharply today but Teva bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.98%, to 1,838.18 points; the Tel Aviv 125 Index fell 0.79%, to 1,857.19 points; and the BlueTech Global Index fell 0.66% to 352.95 points. The All Bond corporate bond index fell 0.02% to 366.52 points. Turnover totaled NIS 1.43 billion in equities and NIS 3.48 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.670% from Tuesday, at NIS 3.410/$, and the representative shekel-euro rate was set 0.321% higher at NIS 3.630/€.

On the market, Israel Phoenix Assurance Ltd. (TASE:PHOE1; PHOE5) fell 3.15%, on the news that Abu Dhabi fund ADQ is buying a controlling stake in the insurance company at a discount. Shikun & Binui Holdings Ltd. (TASE: SKBN) fell 3.16% and ICL (TASE: ICL: NYSE: ICL) fell 3.26% for the biggest fall on the Tel Aviv 35 Index today. NICE-Systems Ltd. (Nasdaq: NICE; TASE:NICE) fell 1.19%.

Bank Leumi (TASE:LUMI) fell 3.09%, on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 2.23%, Israel Discount Bank (TASE: DSCT) fell 2.07% and Mizrahi Tefahot Bank fell 1.59%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 3.84% for the biggest rise on the Tel Aviv 35 Index. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) rose 1.41% and Strauss Group (TASE: STRS) rose3 2.99%.

Published by Globes, Israel business news - en.globes.co.il - on December 14, 2022.

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

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