Mon: Discount Bank pushes market down

Discount Bank fell sharply on an equity offering but Delek and Ratio soared following Leviathan's Jordanian gas deal.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.42% to 1,456.58 points; the Tel Aviv 100 Index fell 0.58%, to 1,275.50 points; and the BlueTech Index fell 0.96% to 357.23 points. The TelBond 20 corporate bond index fell 0.07% to 320.94 points. Trading turnover was NIS 1.24 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.133% today compared with Friday's rate at NIS 3.765/$, and the representative shekel-euro rate was set up 0.427% at NIS 4.234/€.

On the market, Israel Discount Bank (TASE: DSCT) fell 3.87% for the biggest fall on the Tel Aviv 25 Index on the day's biggest trading turnover, following an equity offering. Bank Leumi (TASE: LUMI) fell 0.69% and Bank Hapoalim (TASE: POLI) fell 1.44%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.31%, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.24% and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.06%.

Delek Group Ltd. (TASE: DLEKG) rose 5.07% following the signing of a huge Leviathan gas deal with Jordan. Its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 6.31% and 6.32% respectively for the biggest rises on the Tel Aviv 25 Index. The other Leviathan partner Ratio Oil Exploration (1992) LP (TASE:RATI.L) rose 6.19%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 26, 2016

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

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