Thu: TASE follows world markets down

Tower and Ormat led the losses while Bezeq and Nice bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.04% to 1,588.91 points; the Tel Aviv 125 Index fell 1.05% to 1,435.24 points; and the BlueTech Global Index fell 1.60% to 379.24 points. The TelBond 20 corporate bond index fell 0.37% to 346.79 points. Trading turnover was NIS 1.99 billion. Markets slumped worldwide following comments by US President Trump that a correction was due and that the US Fed's policy of interest rate hikes was "crazy" and a "mistake."

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.248% at NIS 3.635/$ from yesterday's rate and set the shekel-euro rate up 0.938% at 4.207/€.

On the market,Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) fell 3.05% and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 3.64% for the biggest fall on the Tel Aviv 35 Index. Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 2.28%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2.87% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.96%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.04%. Bank Leumi (TASE: LUMI) fell 1.53% on the day's biggest trading turnover and Bank Hapoalim (TASE: POLI) fell 1.38%.

Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 3.84% for the biggest rise on the Tel Aviv 35 Index. Fattal Holdings (1998) Ltd. (TASE: FTAL) rose 3.59%, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.22% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.68%.

Published by Globes [online], Israel business news - - on October 11, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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