Mon: Bullish TASE back on the rise

Insurance and bank stocks led the market higher but Ormat and Maytronics lost ground.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.72%, to 1,814.41 points; the Tel Aviv 125 Index rose 0.72%, to 1,874.19 points; and the BlueTech Global Index rose 0.32% to 553.80 points. The All Bond corporate bond index rose 0.23% to 391.78 points. Turnover totaled NIS 1.68 billion in equities and NIS 3.56 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.062% from Friday, at NIS 3.229/$, and the representative shekel-euro rate was set 0.080% higher at NIS 3.735/€.

Bank Hapoalim (TASE: POLI) led the market, rising 2.76% on the day's biggest trading turn over. Bank Leumi (TASE:LUMI) rose 1.13%, Israel Discount Bank (TASE: DSCT) rose 0.63%, and Mizrahi Tefahot Bank (TASE:MZTF) rose 1.41%.

Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 4.04% for the biggest rise on the Tel Aviv 35 Index and Israel Phoenix Assurance Ltd. (TASE:PHOE1 rose 3.69%. NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 0.35%, and Azrieli Group (TASE: AZRG) rose 1.22%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.88% after reports that it is laying off 200 from its Kfar Saba plant and ICL (TASE: ICL: NYSE: ICL) rose 3.44% after appointing a new CFO.

Maytronics Ltd. (TASE:MTRN) fell 3.58% for the biggest fall on the Tel Aviv 35 Index today. Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) fell 1.66% and LivePerson Inc. (Nasdaq: LPSN; TASE: LPSN) fell 1.60%.

Published by Globes, Israel business news - en.globes.co.il - on October 11, 2021

Copyright of Globes Publisher Itonut (1983) Ltd. 2021

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