Wed: Teva and Tower push TASE down

Teva and Tower fell sharply despite Ormat and Discount Bank's strong rises.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.11% to 1,633.48 points; the Tel Aviv 125 Index fell 0.13% to 1,468.69 points; and the BlueTech Global Index fell 0.87% to 389.03 points. The TelBond 20 corporate bond index fell 0.10% to 347.47 points. Trading turnover was NIS 1.36 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.195% at NIS 3.588/$ from Friday's rate and set the shekel-euro rate down 0.216% at 4.160/€.

On the market, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 5.16% for the biggest fall on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.92% and Bank Hapoalim (TASE: POLI) fell 1.81%.

Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 5.97% for the biggest rise on the Tel Aviv 35 Index. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 2.54% and parent company Israel Corporation (TASE: ILCO) rose 3.88%. Delek Group Ltd. (TASE: DLEKG) rose 3.23% and Mazor Robotics Ltd. (TASE:MZOR) rose 4.64%. Bank Leumi (TASE: LUMI) rose 0.34% on the day's biggest trading turnover.

Israel Discount Bank (TASE: DSCT) rose 3.33% after buying Dexia Israel (Public Finance) Ltd. (TASE:DXIL), which rose 8.91%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2018

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

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