Wed: Bezeq boosts TASE with sharp rise

Bezeq, Ormat and Frutarom led the gains today as Teva continued to decline.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.26% to 1,447.39 points; the Tel Aviv 125 Index rose 0.42% to 1,321.85 points; and the BlueTech Global Index rose 0.52% to 399.56 points. The TelBond 20 corporate bond index rose 0.17% to 340.83 points. Trading turnover was NIS 980.6 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.143% from yesterday at NIS 3.514/$ and set the shekel-euro rate down 0.019% at 4.128/€.

On the market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 4.03% for the biggest rise on the Tel Aviv 35 Index on the day's biggest trading turnover after a positive recommendation from Barclays. Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 2.43%, and Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 1.96%. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 2.16% after reporting yet another acquisition.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell another 0.62% and Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 1.81%. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.87% for the biggest fall on the Tel Aviv 35 Index. Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.43%, Delek Drilling LP (TASE: DEDR.L) fell 1.65% and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 1.25%.

Published by Globes [online], Israel business news - www.globes-online.com - on October 18, 2017

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

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