Wed: TASE advances despite Teva slump

Teva fell sharply but strong rises by the banks lifted the Tel Aviv 35 Index.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.20% to 1,558.74 points; the Tel Aviv 125 Index rose 0.30% to 1,434.72 points; and the BlueTech Global Index rose 0.19% to 385.55 points. The TelBond 20 corporate bond index fell 0.14% to 354.96 points. Trading turnover was NIS 1.23 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.662% at NIS 3.600/$ from Tuesday's rate and set the shekel-euro rate down 0.261% at 4.049/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 6.03% for the biggest fall on the Tel Aviv 35 Index. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.37% and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.31%. Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) fell 1.77% and Fattal Holdings (1998) Ltd. (TASE: FTAL) fell 1.75%.

Bank Hapoalim (TASE: POLI) rose 3.38% for the biggest rise on the Tel Aviv 35 Index. Bank Leumi (TASE: LUMI) rose 1.05% and Mizrahi Tefahot Bank (TASE:MZTF) rose 1.39%. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 3.32%, Amot Investments Ltd. (TASE:AMOT) rose 2.24% and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 3.12%.

Published by Globes, Israel business news - - on April 3, 2019

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

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