Mon: Banks again drive TASE losses

The banks and ICL led the TASE down today as Strauss and Bezeq bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.51%, to 1,848.05 points; the Tel Aviv 125 Index fell 0.43% to 1,869.55 points; and the BlueTech Global Index fell 0.09% to 386.52 points. The All Bond corporate bond index fell 0.15% to 377.05 points. Turnover totaled NIS 1.01 billion in equities and NIS 4 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.671% from Friday, at NIS 3.753/$, and the representative shekel-euro rate was set 0.516% higher at NIS 4.109/€.

Bank Leumi (TASE:LUMI) led the market today, falling 1.49%, on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 1.51%, Israel Discount Bank (TASE: DSCT) fell 1.38% and Mizrahi Tefahot Bank (TASE: MZTF) fell 1.67%.

Shikun & Binui Holdings Ltd. (TASE: SKBN) fell 1.79%. ICL (TASE: ICL: NYSE: ICL) fell 2.34% for the biggest fall on the Tel Aviv 35 Index today and parent company Israel Corp. (ILCO) fell 1.74%.

Strauss Group (TASE: STRS) rose 5.25% for the biggest rise on the Tel Aviv 35 Index today after announcing a round of price rises and that it is laying of 150 employees. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) rose 0.74% and Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ rose 1.27%.

Published by Globes, Israel business news - en.globes.co.il - on January 15, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

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