The Tel Aviv Stock Exchange fell sharply today, in line with the global trend on financial markets. The Tel Aviv 25 Index fell 2.24%, to 1,390.63 points; the Tel Aviv 100 Index fell 2.44%, to 1,185.76 points; and the BlueTech Index 2.77%, to 275.42 points. The TelBond 20 corporate bond index fell 0.57%, to 303.62 points. Turnover totaled NIS 1.88 billion.
The Tel Aviv 25 Index fell 4.9% over the week. The index is down 9.5% so far this year,
On the foreign exchange market, the representative shekel-dollar rate was set 0.44% higher, at NIS 3.8880/$, and the representative shekel-euro rate was set 0.95% higher, at NIS 4.4002/€.
All five leading stocks fell. Teva, which reported results that disappointed investors today, led trading, and fell 5.64%. Mylan, which reported that it had reached a deal to acquire Swedish drug company Meda for $7.2 billion, slumped 18.11%. Bezeq fell 0.64%, Perrigo fell 1.79%, and Bank Leumi fell 2.05%. Delek Group was another notable decliner, falling 5.77%.
There were some positives. Nice Systems, which also reported today, rose 2.11%; food company Osem, the subject of a purchase offer from Nestle, rose 0.58%, and Isramco rose 0.32%.
Published by Globes [online], Israel business news - www.globes-online.com - on February 11, 2016
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