Thu: TASE ends week with big gains

Ormat and Teva led the market higher today while Elbit Systems lost ground.

The Tel Aviv Stock Exchange rose strongly today. The Tel Aviv 35 Index rose 2.14%, to 1,822.70 points; the Tel Aviv 125 Index rose 2.44% to 1,846.21 points; and the BlueTech Global Index rose 2.62% to 356.90 points. The All Bond corporate bond index rose 0.79% to 377.86 points. Turnover totaled NIS 2.68 billion in equities and NIS 3.82 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.674% from Wednesday, at NIS 3.685/$, and the representative shekel-euro rate was set 0.645% higher at NIS 4.026/€.

Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 9.86% for the biggest rise on the Tel Aviv 35 Index today. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 6.17% and NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 1.88%.

Real estate stocks rose strongly today led by Azrieli Group (AZRG), which rose 3.57%. Energean plc. (LSE: ENOG; TASE: ENOG) rose 5.16%. ICL (TASE: ICL: NYSE: ICL) rose 5.72% and parent company Israel Corp. (TASE: ILCO) rose 6.64%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 2.56% for the biggest fall on the Tel Aviv 35 Index today. Camtek (Nasdaq: CAMT; TASE: CAMT) fell 1.08% and Israel Discount Bank (TASE: DSCT) fell 1.01%.

Published by Globes, Israel business news - en.globes.co.il - on December 14, 2023.

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

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