Wed: Teva slumps as TASE rally falters

Teva fell heavily today as the banks and NICE Systems bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.23%, to 2,033.82 points; the Tel Aviv 125 Index fell 1.07%, to 2,081.58 points; and the BlueTech Global Index fell 1.65% to 430.77 points. The All Bond corporate bond index fell 0.35% to 376.80 points. Turnover totaled NIS 2.37 billion in equities and NIS 2.80 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.428% today from Tuesday, at NIS 3.259/$, and the representative shekel-euro rate was set 0.090% lower at NIS 3.313/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 9.21% for the biggest fall on the Tel Aviv 35 Index. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) fell 2.23% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 2.19%. ICL (TASE: ICL: NYSE: ICL) fell 0.79% and Kenon Holdings (NYSE: KEN; TASE: KEN) fell 4.70%.

NICE-Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 1.58% for the biggest rise on the Tel Aviv 35 Index today, on the day's biggest trading turnover. Bank Leumi (TASE:LUMI) rose 1.08%, and Bank Hapoalim (TASE: POLI) rose 0.65%. Israel Discount Bank (TASE: DSCT) rose 1.13%, Mizrahi Tefahot Bank rose 1.29% and First International Bank of Israel (TASE:FTIN1; FTIN5) rose 1.35%.

Published by Globes, Israel business news - en.globes.co.il - on August 17, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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