The Tel Aviv Stock Exchange fell sharply after the Knesset passed the 'reasonableness' law yesterday to curb the Supreme Court's powers. The Tel Aviv 35 Index fell 3.02%, to 1,804.58 points; the Tel Aviv 125 Index fell 3.06%, to 1,817.92 points; and the BlueTech Global Index fell 2.12% to 369.20 points. The All Bond corporate bond index fell 0.49% to 371.04 points. Turnover totaled NIS 3.58 billion in equities and NIS 4.31 billion in bonds.
On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 2.68% from Monday, at NIS 3.717/$, and the representative shekel-euro rate was set 2.17% higher at NIS 4.106/€.
Bank Leumi (TASE:LUMI) led the market today, falling 4.70% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 4.93% and Israel Discount Bank (TASE: DSCT) fell 4.70%. Mizrahi Tefahot Bank fell 4.69% and First International Bank of Israel (TASE:FTIN1; FTIN5) fell 5.03%.
Shikun & Binui Holdings Ltd. (TASE: SKBN) fell 6.59% for the biggest fall on the Tel Aviv 35 Index today and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 5.09%.
Only three stocks on the Tel Aviv 35 Index rose today including Ormat Technologies Inc. (NYSE: ORA; TASE: ORA), which rose 0.84% and Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) which rose 0.9% for the biggest rise on the Tel Aviv 35 Index today.
Published by Globes, Israel business news - en.globes.co.il - on July 25, 2023.
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