Sun: Telcos lead strong TASE gains

Partner, Cellcom and Bezeq led the market higher today while NICE and Perrigo led the declines.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.39%, to 1,605.28 points; the Tel Aviv 125 Index rose 1.46%, to 1,667.74 points; and the BlueTech Global Index rose 1%, to 658.01 points. The TelBond 20 corporate bond index rose 1.00% to 370.46 points. Turnover totaled NIS 771.5 million in equities and NIS 2.28 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.184% on Friday at $3.271/$, and the representative shekel-euro rate was set 0.571% higher, at NIS 3.965/€.

Bank Leumi (TASE: LUMI) led the market, rising 2.02% on the day's biggest trading turnover. Israel Discount Bank (TASE: DSCT) rose 2.40% and Bank Hapoalim (TASE: POLI) rose 1.39%.

Telcos rose strongly today. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 4.23% and outside of the Tel Aviv 35 Index Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 17.45% on reports of a strategic partner in its fiber optic network, and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 7.05%.

Shikun u'Binui Holdings Ltd. (TASE: SKBN) rose 8.19% for the biggest rise on the Tel Aviv 35 Index today. ICL (TASE: ICL: NYSE: ICL) rose 2%, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 1.94% and LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) rose 6.29%.

Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 9.45% for the biggest fall on the Tel aviv 35 Index today. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 2.81% and Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 3.14%.

Published by Globes, Israel business news - - on February 21, 2021

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