Wed: TASE edges up in late rally

Elbit Systems and Tower led the gains today but Teva fell again.

The main indices on the Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.14%, to 1,690.26 points, the Tel Aviv 125 Index rose 0.18%, to 1,619.12 points and the BlueTech Global Index rose 0.52% to 386.26 points. The TelBond 20 corporate bond index fell 0.11%, to 369.94 points. Turnover totaled NIS 1.28 billion in equities and NIS 3.23 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.346% today, at NIS 3.477/$, and the representative shekel-euro rate was set up 0.393% at NIS 3.853/€.

On the market, Alony Hetz Property and Investments Ltd. (TASE: ALHE) rose 2.49% for the biggest rise on the Tel Aviv 35 Index. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 1.67%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.21% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.86%. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 0.39% and Israel Discount Bank (TASE: DSCT) rose 0.82%.

Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 3.15% for the biggest fall on the Tel Aviv 35 Index and Paz Oil Company Ltd. (TASE:PZOL) fell 2.11%. Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) fell 1.93%, Mizrahi Tefahot Bank (TASE:MZTF) fell 0.72% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.40%. Bank Leumi (TASE: LUMI) fell 1.05% on the day's biggest trading turnover.

Outside the Tel Aviv 35 Index, Delek Automotive Systems Ltd. (TASE: DLEA) rose 14.78% on the news that Delek Group Ltd. (TASE: DLEKG) had sold its entire stake in the company at a premium.

Published by Globes, Israel business news - en.globes.co.il - on December 11, 2019

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

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