Tue: ICL leads TASE lower

ICL and parent company Israel Corp. were down sharply on concerns about falling potash prices.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.47%, to 1,749.90 points; the Tel Aviv 125 Index fell 0.65%, to 1,755.65 points; and the BlueTech Global Index rose 0.08% to 351.02 points. The All Bond corporate bond index fell 0.25% to 368.51 points. Turnover totaled NIS 1.73 billion in equities and NIS 4.45 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate 0.535% down from Monday, at NIS 3.715/$, and the representative shekel-euro rate was set 0.589% lower at NIS 3.969/€.

On the market, ICL (TASE: ICL: NYSE: ICL) fell 8.34% on the day's biggest trading turnover, on concerns about falling potash prices, and parent company Israel Corp. (TASE: ILCO) fell 9.66% for the biggest fall on the Tel Aviv 35 Index. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) fell 2.33%.

Bank Leumi (TASE:LUMI) fell 0.45%, Bank Hapoalim (TASE: POLI) fell 0.75% and Israel Discount Bank (TASE: DSCT) fell 0.77%.

Energix Renewable Energies (TASE: ENRG) rose 3.17% for the biggest rise on the Tel Aviv. 35 Index. NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 1.13%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 0.92% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.44%.

First International Bank of Israel (TASE:FTIN1; FTIN5) rose 0.96% and Mizrahi Tefahot Bank rose 1.39%.

Published by Globes, Israel business news - en.globes.co.il - on June 6, 2023.

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

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