Wed: Cellcom leads TASE rebound

Cellcom and Tower led the gains today while Perrigo and Israel Corp. led the declines.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.57% to 1,619.27 points; the Tel Aviv 125 Index rose 0.50% to 1,456.77 points; and the BlueTech Global Index rose 0.54% to 368.89 points. The TelBond 20 corporate bond index fell 0.04% to 345.65 points. Trading turnover was NIS 1.31 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.727% at NIS 3.743/$ from yesterday's rate and set the shekel-euro rate down up 0.362% at 4.264/€.

On the market, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 5.28% for the biggest rise on the Tel Aviv 35 Index today and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.56% despite issuing disappointing results. Bank Leumi (TASE: LUMI) rose 1.68% on the day's biggest trading turnover. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 4.77%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2.37%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.31%.

Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.7% for the biggest fall on the Tel Aviv 35 Index today. Israel Corporation (TASE: ILCO) fell 1.8% and Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) fell 1.45%.

Published by Globes, Israel business news - en.globes.co.il - on November 21, 2018

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

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