Sun: Teva boosted by planned cuts

Big pharma shares Teva, Mylan and Perrigo lifted the TASE today as Delek fell back.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.60% to 1,454.36 points; the Tel Aviv 125 Index rose 0.32% to 1,320.15 points; but the BlueTech Global Index fell 0.06% to 366.14 points. The TelBond 20 corporate bond index fell 0.05% to 344.05 points. Trading turnover was NIS 726.4 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.142% on Friday at NIS 3.521/$ from Thursday's rate and set the shekel-euro rate down 0.246% at 4.134/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 7.55% for the biggest rise on the Tel Aviv 35 index on the day's biggest trading turnover following a "Bloomberg" report about planned layoffs. Mylan N.V.' (Nasdaq: MYL; TASE: MYL) rose 5.95% and Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 4.63%. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 3.91%.

Delek Group Ltd. (TASE: DLEKG) fell 1.59% and Delek Drilling LP (TASE: DEDR.L) fell 3.25% for the biggest fall on the Tel Aviv 35 Index. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 2.82% and Oil Refineries Ltd. (TASE:ORL) fell 1.82%. Sodastream International Ltd. (TASE: SODA; Nasdaq: SODA) also fell 1.82%.

Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2017

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

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