Tue: Insurance cos shine again on flat TASE

Harel and Phoenix led the gains today as telcos Cellcom, Bezeq and Partner slumped.

The Tel Aviv Stock Exchange was flat today. The Tel Aviv 35 Index rose 0.06% to 1,555.57 points; the Tel Aviv 125 Index was unchanged at 1,430.40 points; and the BlueTech Global Index fell 0.04% to 384.83 points. The TelBond 20 corporate bond index fell 0.04% to 355.44 points. Trading turnover was NIS 922.8 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.055% at NIS 3.624/$ from Monday's rate and set the shekel-euro rate down 0.344% at 4.059/€.

On the market, Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 3.04% for the biggest rise on the Tel Aviv 35 Index and The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) rose 2.45%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2.21%, Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) rose 1.82% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.49%. Bank Leumi (TASE: LUMI) rose 0.49% on the day's biggest trading turnover.

Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 6.22% for the biggest fall on the Tel Aviv 35 Index. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.92%, and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 2.77%. Bank Hapoalim (TASE: POLI) fell 0.70%.

Published by Globes, Israel business news - en.globes.co.il - on April 2, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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