Mon: TASE up sharply despite Teva decline

The big banks led the market higher today but Teva fell sharply.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.20% to 1,559.80 points; the Tel Aviv 125 Index rose 1.31% to 1,449.56 points; and the BlueTech Global Index rose 1.08% to 361.92 points. The TelBond 20 corporate bond index fell 0.03% to 361.52 points. Trading turnover was NIS 1.02 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.444% from Friday's rate at NIS 3.585/$, and set the shekel-euro rate down 0.108% at 4.052/€.

On the market, International Flavors & Fragrances Inc. (NYSE: IFF; TASE: IFF) rose 4.43% for the biggest rise on the Tel Aviv 35 Index today after rising 4.96% in the previous session on Thursday before the Shavuot holiday.

Bank Hapoalim (TASE: POLI) rose 1.45% on the day's biggest trading turnover. Bank Leumi (TASE: LUMI) rose 1.68% and Israel Discount Bank (TASE: DSCT) rose 1.81%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.31%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.26% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2.55%.

Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell 3.07% for the biggest fall on the Tel Aviv 35 after Fitch downgraded the company's debt.

Published by Globes, Israel business news - - on June 10, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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