Tue: Wave of terror spooks TASE

Tel Aviv Stock Exchange
Tel Aviv Stock Exchange

The big banks and Bezeq dragged the market down but Teva and Perrigo gained.

The Tel Aviv Stock Exchange (TASE) fell today, more sharply than European markets, as the growing wave of Palestinian terror finally spooked investors. The Tel Aviv 25 Index fell 1.13% to 1,497.20 points, the Tel Aviv 100 Index fell 0.97%, to 1,311.32 points and the BlueTech Index fell 0.32%, to 327.90 points. The TelBond 20 corporate bond index rose 0.07%, to 315.05 points. Turnover totaled NIS 1.41 billion.

On the foreign exchange market, the Bank of Israel set the shekel dollar representative rate up 0.808% from yesterday's rate at NIS 3.866/$, and the representative shekel-euro rate was set up 0.814%, at NIS 4.396/€.

In the market, Israel Discount Bank (TASE: DSCT) fell 3.45% for the biggest fall on the Tel Aviv 25 Index. Bank Leumi (TASE: LUMI) fell 2.98% and Bank Hapoalim (TASE: POLI) fell 1.86%. First International Bank of Israel (TASE: FTIN) fell 2.30% and Mizrahi Tefahot Bank (TASE:MZTF) fell 1.31%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.82% on the day's biggest trading turnover and Azrieli Group Ltd. (TASE: AZRG) fell 2.68%. Israel Chemicals (TASE: ICL: NYSE: ICL) declined for the third straight session, falling 1.41%.

Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 2.05% and Perrigo Company (NYSE:PRGO; TASE:PRGO).

Published by Globes [online], Israel business news - www.globes-online.com - on October 13, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
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