Sun: Teva jumps as TASE edges higher

Teva and Elbit Systems began the week strongly on arbitrage differences as the banks fell.

The Tel Aviv Stock Exchange edged higher today. The Tel Aviv 35 Index rose 0.09%, to 2,520.22 points, the Tel Aviv 125 Index rose 0.14% to 2,560.72 points; and the BlueTech Global Index rose 0.59% to 450.99 points. The All Bond corporate bond index fell 0.17% to 400.49 points. Turnover totaled NIS 1.23 billion in equities and NIS 2.14 billion in bonds.

On the foreign exchange market, the representative shekel-dollar rate was set 0.632% lower on Friday, at NIS 3.614/$, and the representative shekel-euro rate was set 1.167% lower, at NIS 4.092/€.

Dual-listed companies had major arbitrage differences to make up as the market reopened after the Independence Day holiday. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) led the market today, rising 10.65% for the biggest rise on the Tel Aviv 35 Index, on the day's biggest trading turnover. Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 4.18%, Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) rose 2.98% and Camtek (Nasdaq: CAMT; TASE: CAMT) rose 2.17%.

Bank Leumi (TASE: LUMI) fell 1.65% and Bank Hapoalim (TASE: POLI) fell 1.52% for the biggest fall on the Tel Aviv 35 Index today. Israel Discount Bank (TASE: DSCT) fell 0.92% and Mizrahi Tefahot Bank fell 1.09%.

Energean plc (LSE: ENOG; TASE: ENOG) fell 3.75% for the biggest fall on the Tel Aviv 35 Index today and Delek Group (TASE: DELKG) fell 1.05%.

Outside of the Tel Aviv 35 Index, El Al Israel Airlines Ltd. (TASE:ELAL) rose 6.95% after foreign airlines began canceling flights because of the Houthi missile, which hit Ben Gurion airport.

Published by Globes, Israel business news - en.globes.co.il - on May 4, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018