Israel Corp. and Israel Chemicals led the declines despite strong financials while Tower bucked the market.
The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.56% to 1,553.64 points; the Tel Aviv 125 Index fell 0.52% to 1,414.91 points; and the BlueTech Global Index was unchanged at 378.31 points. The TelBond 20 corporate bond index rose 0.03% to 347.46 points. Trading turnover was NIS 1.10 billion.
On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.249% at NIS 3.619/$ from Tuesday's rate and set the shekel-euro rate down 0.087% at 4.121/€.
On the market, Israel Chemicals (TASE: ICL: NYSE: ICL) fell 2.46% on the day's biggest trading turnover, despite reporting strong financial results for 2018, and parent company Israel Corporation (TASE: ILCO) fell 3.19% for the biggest fall on the Tel Aviv 35 index. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.41% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.91%. First International Bank of Israel (TASE: FTIN) fell 1.14%, Bank Leumi (TASE: LUMI) fell 0.80% and Israel Discount Bank (TASE: DSCT) fell 0.84%.
Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 4.17% for the biggest rise on the Tel Aviv 35 Index and Paz Oil Company Ltd. (TASE:PZOL) fell 0.97%.
Published by Globes, Israel business news - en.globes.co.il - on February 6, 2019
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