The main indices on the Tel Aviv Stock Exchange fell this morning, continuing the decline that set in yesterday afternoon after the Knesset passed the controversial law abolishing the reasonableness test in judicial review of decisions by elected officials and the government. The Tel Aviv 35 Index is currently down 1.13% at 1839.75, after falling 2.21% yesterday. The Real Estate Index is down 2.28%. The Banking Index is down 2.3%, after tumbling 4% yesterday. Today’s four leading stocks are all banks: Leumi, Hapoalim, Discount,, and Mizrahi Tefahot are all down by about 2.8%. The fifth most heavily traded stock, Teva, is actually up by 0.89%. RELATED ARTICLES Analysts: TASE and shekel have further to fall Knesset enacts law to abolish reasonableness standard The shekel has weakened considerably this morning. The rate against the US dollar is up 2.49% in comparison with yesterday’s representative rate, at NIS 3.71/$, while the shekel-euro rate is up 2.13%, at NIS 4.1041. Published by Globes, Israel business news - en.globes.co.il - on July 25, 2023. © Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
