Sun: Teva's continuing slump weighs on market

Teva and Cellcom again led the TASE down but Israel Chemicals bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.26% to 1,553.83 points; the Tel Aviv 125 Index fell 0.19% to 1,444.03 points; and the BlueTech Global Index fell 0.35% to 357.74 points. The TelBond 20 corporate bond index rose 0.09% to 362.47 points.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.223% on Friday at NIS 3.600/$, and set the shekel-euro rate up 0.09% at 4.058/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 5.08% for the biggest fall on the Tel Aviv 35 Index. The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) fell 2.12%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.70%.

Energean Oil & Gas plc (LSE: ENOG; TASE: ENOG) rose 2.28% for the biggest rise on the Tel Aviv 35 Index. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 1.43% and parent company Israel Corporation (TASE: ILCO) rose 1.47%. Bank Leumi (TASE: LUMI) rose 0.48% on the day's biggest trading turnover and Bank Hapoalim (TASE: POLI) rose 0.58%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.42% and Alony Hetz Property and Investments Ltd. (TASE: ALHE) rose 1.13%.

Published by Globes, Israel business news - - on June 16, 2019

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