Tue: Teva climbs as ECB boosts market

Teva and Opko led the market higher today but Cellcom and Partner continued to slide.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index fell 0.90% to 1,562.74 points; the Tel Aviv 125 Index rose 0.90% to 1,449.69 points; and the BlueTech Global Index rose 1.36% to 361.03 points. The TelBond 20 corporate bond index rose 0.14% to 363.22 points. Trading turnover was NIS 1.41 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.055% today at NIS 3.612/$ from Monday's rate, and set the shekel-euro rate down 0.333% at 4.041/€.

The market was boosted by comments from European Central Bank president Mario Draghi who spoke about plans for monetary easing. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 3.52% and Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 6.77% for the biggest rise on the Tel Aviv 35 Index. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 5.45% and Israel Chemicals (TASE: ICL: NYSE: ICL) rose 0.91%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.83%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.54% and Israel Discount Bank (TASE: DSCT) rose 0.49%.

Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 6.66% for the biggest fall on the Tel Aviv 35 Index and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.62%. Delek Group Ltd. (TASE: DLEKG) fell 1.50%, Mizrahi Tefahot Bank (TASE:MZTF) fell 0.55% and Bank Hapoalim (TASE: POLI) fell 0.04% on the day's biggest trading turnover.

Published by Globes, Israel business news - en.globes.co.il - on June 18, 2019

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

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