Mon: Banks push TASE down

Delek and the big banks led the TASE down today but Teva bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.56% to 1,605.48 points; the Tel Aviv 125 Index fell 0.51% to 1,499.92 points; and the BlueTech Global Index fell 0.76% to 359.56 points. The TelBond 20 corporate bond index rose 0.31% to 367.52 points. Trading turnover was NIS 1.18 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.144% today at NIS 3.484/$ from Friday's rate, and set the shekel-euro rate up 0.203% at 3.901/€.

On the market, Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 7.98% for the biggest fall on the Tel Aviv 35 Index. Mizrahi Tefahot Bank (TASE:MZTF) fell 3.06% on the day's biggest trading turnover despite reporting positive financial results for the second quarter. Bank Leumi (TASE: LUMI) fell 1.10%, Bank Hapoalim (TASE: POLI) fell 1.05% and Israel Discount Bank (TASE: DSCT) fell 0.76%. Delek Group Ltd. (TASE: DLEKG) fell 3.03%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.52% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.24%.

Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 2.03% for the biggest rise on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.01% and Azrieli Group Ltd. (TASE: AZRG) rose 0.27%.

Published by Globes, Israel business news - en.globes.co.il - on August 12, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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