Wed: Ceasefire talks deadlock spooks TASE

Azrieli and the banks led the TASE lower today as Teva bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.71%, to 2.045.64 points, the Tel Aviv 125 Index fell 0.72% to 2,029.03 points; and the BlueTech Global Index fell 0.99% to 409.25 points. The All Bond corporate bond index fell 0.17% to 384.00 points. Turnover totaled NIS 1.80 billion in equities and NIS 2.92 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.758% from Tuesday, at NIS 3.722/$, and the representative shekel-euro rate was set 1.1% higher at NIS 4.138/€

Bank Leumi (TASE: LUMI) led the market today, falling 0.99% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 1.05%, Mizrahi Tefahot Bank fell 1.31% and Israel Discount Bank (TASE: DSCT) fell 1.01%.

Azrieli Group (TASE: AZRG) fell 3.05% for the biggest fall on the Tel Aviv 35 Index today. ICL (TASE: ICL: NYSE: ICL) fell 0.95%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 0.95% and NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) fell 1.72%.

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) rose 2.85% for the biggest fall on the Tel Aviv 35 Index today. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.80% and

Energean plc (LSE: ENOG; TASE: ENOG) rose 1.80%.

Outside of the Tel Aviv 35 Index, Maytronics Ltd. (TASE:MTRN) fell 21.11% after reporting disappointing second quarter results and cutting 2024 guidance.

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