The Tel Aviv Stock Exchange rose sharply today amid expectations that Prime Minister Benjamin Netanyahu would pause the planned judicial reform overhaul. The Tel Aviv 35 Index rose 1.99%, to 1,775.46 points; the Tel Aviv 125 Index rose 1.83%, to 1,768.22 points; and the BlueTech Global Index rose 0.94% to 331.97 points. The All Bond corporate bond index rose 0.46% to 362.53 points. Turnover totaled NIS 2.38 billion in equities and NIS 3.07 billion in bonds.
On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 1.957% from Friday, at NIS 3.557/$, and the representative shekel-euro rate was set 2.062% lower at NIS 3.834/€.
The TASE will be closed tomorrow if the general strike continues.
Bank Hapoalim (TASE: POLI) led the market today, rising 1.11% on the day's biggest trading turnover. Bank Leumi (TASE:LUMI) rose 0.20% and Israel Discount Bank (TASE: DSCT) rose 3.02%. Mizrahi Tefahot Bank rose 2.54% and First International Bank of Israel (TASE:FTIN1; FTIN5) rose 2.60%.
Shikun & Binui Holdings Ltd. (TASE: SKBN) rose 8.13% for the biggest rise on the Tel Aviv 35 Index today. ICL (TASE: ICL: NYSE: ICL) rose 3.40%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 2.94% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.60%.
Energix Renewable Energies (TASE: ENRG) fell 0.66%, the only share on the Tel Aviv 35 Index to fall today.
Published by Globes, Israel business news - en.globes.co.il - on March 27, 2023.
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