Sun: Delek leads strong TASE rebound

Delek, Teva and the banks saw the market recoup last Thursday's heavy losses.

Shares on the Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 3.34%, to 1,399.04 points; the Tel Aviv 125 Index rose 3.55%, to 1,378.01 points; and the BlueTech Global Index rose 3.53%, to 419.47 points. The TelBond 20 corporate bond index rose 0.57%, to 354.53 points. Turnover totaled NIS 848.6 million in equities and NIS 1.64 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate 0.367% lower on Friday, at NIS 3.533/$, and the representative shekel-euro rate was set 0.058% lower, at NIS 3.821/€.

On the market, Delek Group Ltd. (TASE: DLEKG) rose 15.77% on the day's biggest trading turnover and its energy exploration and production unit Delek Drilling LP (TASE: DEDR.L) rose 17.59% for the biggest rise on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 5.72%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 5.87% and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 8.88%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.78% and Fattal Holdings (1998) Ltd. rose 13.44%.

Bank Hapoalim (TASE: POLI) rose 3.89%, Bank Leumi (TASE: LUMI) rose 2.10%, and Israel Discount Bank (TASE: DSCT) rose 3.19%.

Only two shares on the Tel Aviv 35 Index fell today. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.50% and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 0.29%.

Published by Globes, Israel business news - - on May 17, 2020

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