Sun: IMI buy boosts Elbit Systems as TASE rises

Elbit Systems and Delek led the rises today as Azrieli and Israel Chemicals fell.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.89% to 1,494.50 points; the Tel Aviv 125 Index rose 0.84% to 1,353.96 points; and the BlueTech Global Index rose 0.56% to 372.42 points. The TelBond 20 corporate bond index rose 0.10% to 341.73 points. Trading turnover was NIS 600.7 million.

On the foreign currency market, on Friday Bank of Israel set the shekel-dollar representative rate down 0.173% from yesterday's exchange rate at NIS 3.453/$ and set the shekel-euro rate down 0.626% at 4.252/€.

On the market, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 5.68% after reaching an agreement with the government to buy IMI Systems. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 6.38% for the biggest rise on the Tel Aviv 35 Index today. Delek Group Ltd. (TASE: DLEKG) rose 2.99% and Delek Drilling LP (TASE: DEDR.L) rose 3.98% on reports that the Leviathan partners were in talks with Shell. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 4.33% and Mazor Robotics Ltd. (TASE:MZOR) rose 2.57%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.16% on the day's biggest trading turnover.

Azrieli Group Ltd. (TASE: AZRG) fell 1.09% for the biggest fall on the Tel Aviv 35 Index and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 0.51%.

Published by Globes [online], Israel business news - - on March 11, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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