Wed: Teva soars, fueling TASE rally

Teva and Tower rose strongly but NICE Systems, Leumi and Hapoalim slipped.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.21% to 1,650.62 points; the Tel Aviv 125 Index rose 1.08% to 1,569.27 points; and the BlueTech Global Index rose 0.63% to 371.41 points. The TelBond 20 corporate bond index rose 0.02% to 369.13 points. Trading turnover was NIS 731.1 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.655% today at NIS 3.536/$ from Tuesday's exchange rate, and set the shekel-euro rate up 0.728% at 3.900/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 9.29% for the biggest rise on the Tel Aviv 35 Index on reports of a proposed US federal compromise to settle all opioid litigation. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 4.66%, Israel Chemicals (TASE: ICL: NYSE: ICL) rose 1.21% and Alony Hetz Property and Investments Ltd. (TASE: ALHE) rose 0.88%. Israel Discount Bank (TASE: DSCT) rose 0.58% and Mizrahi Tefahot Bank (TASE:MZTF) rose 0.18%.

Bank Leumi (TASE: LUMI) fell 0.52% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 0.33% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.39%.

Published by Globes, Israel business news - en.globes.co.il - on October 16, 2019

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

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