Stocks on the Tel Aviv Stock Exchange continued to slide today but bonds were boosted by the Bank of Israel's quantitative easing program. The Tel Aviv 35 Index fell 0.96%, to 1,171.21 points; the Tel Aviv 125 Index fell 0.85%, to 1,105.95 points; but the BlueTech Global Index rose 0.69%, to 278.86 points. The TelBond 20 corporate bond index rose 0.31%, to 324.55 points. Turnover was again very high, totaling NIS 2.66 billion in equities and NIS 7.91 billion in bonds.
On the foreign exchange market, the representative shekel-dollar rate was set 2.808% higher than Friday's rate, at NIS 3.698/$, and the representative shekel-euro rate was set 2.059% higher, at NIS 3.901/€.
On the market, Delek Group Ltd. (TASE: DLEKG) plunged 40.77% for the biggest fall on the Tel Aviv 35 Index on news that two more foreign banks want the company to repay its debt immediately. Oil Refineries Ltd. (TASE:ORL) fell 13.59%, Alony Hetz Property and Investments Ltd. (TASE: ALHE) fell 8.15% and hotel chain Fattal Holdings (TASE: FTAL) fell 12.21%. Azrieli Group Ltd. (TASE: AZRG) fell 6.90% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 0.68%.
Bank Leumi (TASE: LUMI) fell 1.95% on the day's biggest trading turnover. Mizrahi Tefahot Bank (TASE:MZTF) fell 7.17% and Bank Hapoalim (TASE: POLI) fell 2.90%.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 2.91% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 3.41%. Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 1.77% and Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 6.68% for the biggest rise on the Tel Aviv 35 Index.
Published by Globes, Israel business news - en.globes.co.il - on March 23, 2020
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