Mon: Strong gains by banks boost TASE

The banks soared today while energy stocks Delek and Enlight led the declines.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.46%, to 1,802.46 points; the Tel Aviv 125 Index fell 1.56%, to 1,831.78 points; and the BlueTech Global Index fell 1.13% to 354.94 points. The All Bond corporate bond index fell 0.06% to 368.61 points. Turnover totaled NIS 2.08 billion in equities and NIS 3.92 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.941% from Friday, at NIS 3.540/$, and the representative shekel-euro rate was set 0.381% higher at NIS 3.782/€.

Bank Hapoalim (TASE: POLI) led the market today rising 4.40% on the day's biggest trading turnover. Israel Discount Bank (TASE: DSCT) rose 5.57% for the biggest rise on the Tel Aviv 35 Index today. Bank Leumi (TASE:LUMI) rose 3.38%, Mizrahi Tefahot Bank rose 4.13%, and First International Bank of Israel (TASE:FTIN1; FTIN5) rose 4.05%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.70% and Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) rose 1.54%.

Delek Group Ltd. (TASE:DLEKG) fell 1.90% for the biggest fall on the Tel Aviv 35 Index today and its Mediterranean energy exploration and production unit NewMed Energy (TASE: NWMD) fell 1.49%.Enlight Renewable Energy (TASE: ENLT; Nasdaq: ENLT) fell 1.58%, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM fell 1.44%, and Strauss Group (TASE: STRS) fell 1.58%.

Outside of the Tel Aviv 35 Index, Isracard (TASE: ISCD) rose 4.82% after Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) signed a binding agreement to buy 100% of its shares at a company valuation of NIS 2.934 billion.

Published by Globes, Israel business news - en.globes.co.il - on February 13, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

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