Wed: Paz pushes market down

Paz fell on news that Zadik Bino is offloading his stake but Gazit-Globe continued to climb.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.32% to 1,467.88 points; the Tel Aviv 100 Index fell 0.20% to 1,293.62 points; and the BlueTech Index fell 0.28% to 355.74 points. The TelBond 20 corporate bond index rose 0.16% to 323.50 points. Trading turnover was NIS 1.04 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.159% from yesterday's rate at NIS 3.774/$, and the representative shekel-euro rate was set down 0.454% at NIS 4.251/€.

On the market, Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) rose 1.20%, continuing its rise after posting strong second quarter finiancials. Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) rose 1.52% for the biggest rise on the Tel Aviv 25 Index today. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.15% on the day's biggest trading turnover.

Delek Group Ltd. (TASE: DLEKG) rose 0.55% and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 1.20% and 1.40% respectively, after reporting strong financials.

Paz Oil Company Ltd. (TASE:PZOL) fell 2.74% for the biggest fall on the Tel Aviv 25 Index after controlling shareholder Zadik Bino was given permission to sell his stake. Ormat Technologies Inc. (NYSE: ORA fell 1.41%, Mylan N.V. (Nasdaq: MYL; TASE: MYL) fell 1.03%, and Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 2.07%.

Published by Globes [online], Israel business news - www.globes-online.com - on August 24, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018