Tue: Bezeq resumes plunge as TASE edges higher

Bezeq fell sharply today as Frutarom and Azrieli led the market higher.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.25% to 1,455.23 points; the Tel Aviv 125 Index rose 0.33%, to 1,305.05 points; and the BlueTech Global Index rose 0.53% to 367.62 points. The TelBond 20 corporate bond index fell 0.09% to 333.96 points. Trading turnover was NIS 1.19 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate today down 0.585% from yesterday's rate at NIS 3.569/$ and set the shekel-euro rate down 0.531% at 4.158/€.

On the market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.97% for the biggest fall on the Tel Aviv 35 Index and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.85%.

Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 3.04% for the biggest rise on the Tel Aviv 35 Index. Azrieli Group Ltd. (TASE: AZRG) rose 2.20% and Melisron Ltd. (TASE: MLSR) rose 2.05%. Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 1.84% and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.26%. Bank Leumi (TASE: LUMI) rose 0.11% on the day's biggest trading turnover and Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 0.26%.

Published by Globes [online], Israel business news - www.globes-online.com - on July 25, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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