Mon: Harel, Isracard lead TASE gains

Harel and Isracard rose strongly on the bid by the former to buy the latter.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.49%, to 1,820.55 points; the Tel Aviv 125 Index rose 1.01%, to 1,850.44 points; and the BlueTech Global Index rose 0.76% to 371.27 points. The All Bond corporate bond index rose 0.35% to 368.80 points. Turnover totaled NIS 1.73 billion in equities and NIS 4.14 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 1.687% from Friday, at NIS 3.496/$, and the representative shekel-euro rate was set 0.021% lower at NIS 3.735/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 3.99% on the day's biggest trading turnover, after reporting that 48 states had agreed to its opioid settlement. Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 6.01% following its NIS 2.7 million bid to buy Isracard (TASE: ISCD), which itself rose 15.83%. NewMed Energy (TASE: NWMD) rose 7.11% for the biggest rise on the Tel Aviv 35 Index today. ICL (TASE: ICL: NYSE: ICL) rose 0.99% and Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) rose 2.13%.

Bank Leumi (TASE:LUMI) fell 0.27% Israel Discount Bank (TASE: DSCT) fell 0.66% and Mizrahi Tefahot Bank fell 0.96%. Big Shopping Centers (TASE: BIG) fell 2.25% for the biggest fall on the Tel Aviv 35 Index today and Alony Hetz (TASE: ALHE) fell 2.08%.

Outside of the Tel Aviv 35 Index, G-City (TASE: GZT) rose 16.68% after controlling shareholder Chaim Katzman injected NIS 90 million into the company.

Published by Globes, Israel business news - en.globes.co.il - on January 9, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

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