Tue: Banks boost strong TASE rebound

ICL and the banks led the market sharply higher today but Teva declined.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.90%, to 2,022.16 points; the Tel Aviv 125 Index also rose 1.90%, to 2,106.41 points; and the BlueTech Global Index rose 1.50% to 535.60 points. The All Bond corporate bond index fell 0.11% to 395.75 points. Turnover totaled NIS 2.57 billion in equities and NIS 3.80 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.225% from Monday, at NIS 3.116/$, and the representative shekel-euro rate was set 0.242% higher at NIS 3.526/€.

Bank Leumi (TASE:LUMI) led the market, rising 2.03% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 3.13%, Israel Discount Bank (TASE: DSCT) rose 1.83%, and Mizrahi Tefahot Bank (TASE:MZTF) rose 1.77%.

LivePerson (Nasdaq: LPSN; TASE: LPSN) rose 7.47% for the biggest rise on the Tel Aviv 35 Index today. ICL (TASE: ICL: NYSE: ICL) rose 2.43%, NICE-Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 1.44% and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) rose 4.44%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.35%, and Strauss Group (TASE: STRG) fell 1.20% for the biggest fall on the Tel Aviv 35 market.

Outside of the Tel Aviv 35 Index, Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) fell 3.11% on plans to sell NIS 500 million worth of shares at a 7% discount on the market price. Israel Land Development Co. (TASE: ILDC) rose 6.11% after agreeing to sell a Herzliya Pituah seafront lot to Rami Shbiro for NIS 211.5 million.

Published by Globes, Israel business news - en.globes.co.il - on January 11, 2022.

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

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