The Tel Aviv Stock Exchange fell sharply today in late trading after the Knesset passed the 'reasonableness' law. The Tel Aviv 35 Index fell 2.21%, to 1,860.85 points; the Tel Aviv 125 Index fell 2.32%, to 1,875.22 points; and the BlueTech Global Index fell 1.81% to 377.18 points. The All Bond corporate bond index fell 0.40% to 372.85 points. Turnover totaled NIS 2.74 billion in equities and NIS 3.72 billion in bonds.
On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.083% from Friday, at NIS 3.620/$, and the representative shekel-euro rate was set 0.142% lower at NIS 4.018/€. In inter-bank trading after the Knesset passed the 'reasonableness' law the shekel weakened sharply. The shekel is up 1.25% against the dollar at $3.662/$ and up 0.84% against the euro at NIS 4.058/€.
Bank Leumi (TASE:LUMI) led the market today, falling 3.58% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 3.96% and Israel Discount Bank (TASE: DSCT) fell 4.44%. Mizrahi Tefahot Bank fell 3.87% and First International Bank of Israel (TASE:FTIN1; FTIN5) fell 3.17%.
Shapir Engineering & Industry (TASE: SPEN) fell 5.64% for the biggest fall on the Tel Aviv 35 Index today. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) fell 2.67% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 2.08%.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.06% and was one of only three stocks on the Tel Aviv 35 Index to rise today.
Published by Globes, Israel business news - en.globes.co.il - on July 24, 2023.
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