Mon: Telco stocks boost TASE gains

ICL and the telecoms led the gains today but Teva and Bank Leumi lost ground.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.48%, to 1,868.97 points; the Tel Aviv 125 Index rose 0.63%, to 1,933.35 points; and the BlueTech Global Index rose 0.51% to 567.24 points. The All Bond corporate bond index rose 0.10% to 393.44 points. Turnover totaled NIS 1.90 billion in equities and NIS 3.67 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.156% from Friday, at NIS 3.206/$, and the representative shekel-euro rate was set 0.294% lower at NIS 3.726/€.

On the market, telco stocks rose strongly today on expectations that mobile phone prices will rise. Bezeq Israeli Telecommunication Co. Ltd.'s (TASE: BEZQ) rose 2.32%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 10.79% and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 8.13%.

ICL (TASE: ICL: NYSE: ICL) rose 3.09% for the biggest rise on the Tel Aviv 35 Index on the day's biggest trading turnover. Parent company Israel Corp. (TASE: ILCO) rose 2.54% and OPC Energy (TASE: OPCE) rose 0.49%. NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 0.88% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 2.17%. Israel Discount Bank (TASE: DSCT) rose1.10% and Mizrahi Tefahot Bank (TASE:MZTF) rose 0.80%.

LivePerson Inc. (Nasdaq: LPSN; Nasdaq: LPSN) fell 1.53% for the biggest fall on the Tel Aviv 35 Index and Azrieli Group (TASE: AZRG) fell 1.07%.Bank Leumi (TASE:LUMI) fell 0.80% and Bank Hapoalim (TASE: POLI) fell 0.32%.

Published by Globes, Israel business news - en.globes.co.il - on October 25, 2021.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2021.

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