Sun: Banks push TASE sharply lower

Banks and real estate stocks led the declines today as Teva and ICL bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.23%, to 1,740.96 points; the Tel Aviv 125 Index fell 1.35%, to 1,767.39 points; and the BlueTech Global Index fell 0.32% to 360.76 points. The All Bond corporate bond index fell 0.20% to 370.93 points. Turnover totaled NIS 616.6 million in equities and NIS 1.10 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.487% on Friday, at NIS 3.717/$, and the representative shekel-euro rate was set 0.350% higher at NIS 4.043/€.

Electra Ltd. (TASE: ELTR) led the market today falling 2.42% on the day's biggest trading turnover. Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 1.45% and Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) fell 1.68%. Alony Hetz (TASE: ALHZ) fell 3.48% for the biggest fall on the Tel Aviv 35 Index today.

Bank Leumi (TASE:LUMI) fell 1.93% and Bank Hapoalim (TASE: POLI) fell 1.66%. Israel Discount Bank (TASE: DSCT) fell 3.03% and Mizrahi Tefahot Bank fell 2.54%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 4.56% for the biggest rise on the Tel Aviv 35 Index today. NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 0.67% and ICL (TASE: ICL: NYSE: ICL) rose 1.94%.

Published by Globes, Israel business news - en.globes.co.il - on July 9, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

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