Sun: Israel-UAE agreement boosts TASE

The big banks, Mivne and Elbit led the rises today but Teva and Ormat fell.

The Tel Aviv Stock Exchange (TASE) rose strongly today boosted by the Israel-UAE agreement, which was announced after the market closed for the weekend on Thursday evening. The Tel Aviv 35 Index rose 1.41%, to 1,435.51 points; the Tel Aviv 125 Index rose 1.36%, to 1,457.86 points; and the BlueTech Global Index rose 1.12%, to 500.84 points. The TelBond 20 corporate bond index rose 0.54% to 359.35 points. Turnover totaled NIS 769.40 million in equities and NIS 1.298 billion in bonds.

On the foreign exchange market, the Bank of Israel set the shekel-dollar rate down 0.059 on Friday at NIS 3.404/$, and the representative shekel-euro rate was set 0.352% lower, at NIS 4.022/€.

On the market, Mivne Real Estate (TASE: MVNE) rose 7.26% for the biggest rise on the Tel Aviv 35 Index. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 3.23%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.02% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.81%.

Bank Leumi (TASE: LUMI) rose 2.79% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 2.48%, Israel Discount Bank (TASE: DSCT) rose 1.17% and Mizrahi Tefahot Bank (TASE:MZTF) rose 2.68%.

Maytronics Ltd. (TASE:MTRN) fell 3.84% for the biggest fall on the Tel Aviv 35 Index today. Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) fell 0.82% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.61%.

Published by Globes, Israel business news - - on August 16, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020</

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