Sun: TASE opens October with more steep falls

The banks fell sharply today but Teva bucked the market.

The Tel Aviv Stock Exchange again fell sharply today. The Tel Aviv 35 Index fell 2.12%, to 1,798.35 points; the Tel Aviv 125 Index fell 2.35%, to 1,839.71 points; and the BlueTech Global Index fell 2.24% to 380.25 points. The All Bond corporate bond index fell 0.63% to 363.66 points. Turnover totaled NIS 1.48 billion in equities and NIS 2.43 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.198% today from Friday, at NIS 3.543/$, and the representative shekel-euro rate was set 1.674% higher at NIS 3.486/€.

Bank Hapoalim (TASE: POLI) led the market today, falling 2.05% on the day's biggest trading turnover. Bank Leumi (TASE:LUMI) fell 3.98%, Mizrahi Tefahot Bank fell 3.59%, and Israel Discount Bank (TASE: DSCT) fell 5.43%.

Delek Group Ltd. (TASE:DLEKG) fell 3.39% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 2.95%. Shafir Engineering and Industries Ltd. (TASE: SPEN) fell 5.95% for the biggest fall on the Tel Aviv 35 index today.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 4.74% and Energean plc (LSE: ENOG; TASE: ENOG) rose 3.17%.

Published by Globes, Israel business news - en.globes.co.il - on October 2, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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