Wed: Teva lifts TASE

Pharma stocks Teva, Mylan and Perrigo led the market higher today but Discount Bank slipped and El Al plunged.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.75% to 1,399.13 points; the Tel Aviv 125 Index rose 0.51% to 1,265.05 points; and the BlueTech Global Index rose 0.44% to 348.28 points. The TelBond 20 corporate bond index rose 0.13% to 336.35 points. Trading turnover was NIS 1.12 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate today up 1.087% at NIS 3.628/$ from yesterday's rate and set the shekel-euro rate up 0.743% at 4.247/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 2.68% on the day's biggest trading turnover. Mylan N.V. (Nasdaq: MYL; TASE: MYL) rose 1.74% and Perrigo Company (NYSE:PRGO; TASE:PRGO) 2.37%. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.89% for the biggest rise on the Tel Aviv 35 index and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.17%. Bank Leumi (TASE: LUMI) rose 1.64%, Mizrahi Tefahot Bank (TASE:MZTF) rose 1.20% and Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 1.56%.

Israel Discount Bank (TASE: DSCT) fell 1.59% for the biggest fall on the Tel Aviv 35 index and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.19%.

Outside the Tel Aviv 35 Index El Al Israel Airlines Ltd. (TASE: ELAL) fell 14.27% after publishing poor second quarter results.

Published by Globes [online], Israel business news - www.globes-online.com - on August 16, 2017

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

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