Wed: TASE flat despite ongoing unrest

Teva and Elbit Systems rose today as Tower plunged after reporting Q1 results.

The Tel Aviv Stock Exchange was flat today. The Tel Aviv 35 Index fell 0.02%, to 1,623.19 points; the Tel Aviv 125 Index rose 0.11%, to 1,697.20 points; and the BlueTech Global Index rose 0.16% to 554.57 points. The TelBond 20 corporate bond index rose 0.17% to 382.71 points. Turnover totaled NIS 1.77 billion in equities and NIS 3.85 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.152% from Tuesday, at NIS 3.279/$, and the representative shekel-euro rate was set 0.531% lower, at NIS 3.975/€.

On the market, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 7.53% for the biggest fall on the Tel Aviv 35 Index after reporting first quarter financial results. Ormat Technologies Inc. (NYSE: ORA; TASE: ORA fell 2.01%, Amot Investments Ltd. (TASE:AMOT) fell 2.29% and The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) fell 2.27%. Bank Hapoalim (TASE: POLI) fell 0.22% on the day's biggerst trading turnover, Israel Discount Bank (TASE: DSCT) fell 1.12% and Bank Leumi (TASE: LUMI) fell 0.67%.

Shapir Engineering & Industry (TASE: SPEN) rose 5.33% for the biggest rise on the Tel Aviv 35 Index and Energix Renewable Energies Ltd. (ENRG) rose 4.19%. ICL (TASE: ICL: NYSE: ICL) rose 1.35%, and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.31%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 2.55% and Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 1.30%.

Published by Globes, Israel business news - - on May 12, 2021

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