Thu: Tel Aviv 35 Index down 2.3% for week

Insurance cos Phoenix and Harel led a bearish market down with Delek and Delek Drilling among the few shares to buck the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.88% to 1,470.44 points; the Tel Aviv 125 Index fell 1.04% to 1,335.08 points; and the BlueTech Global Index fell 1.36% to 376.13 points. The TelBond 20 corporate bond index was unchanged at 343.28 points. Trading turnover was NIS 1.22 billion. The Tel Aviv 35 Index was down 2.3% for the week and is down 2.5% since the start of 2018.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.429% from yesterday's exchange rate at NIS 3.48/$ and set the shekel-euro rate down 0.072% at 4.289/€.

On the market, The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) fell 5.98% for the biggest fall on the Tel Aviv 35 Index and Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) fell 5.44%. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 4.01% and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.61%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.12% and Mazor Robotics Ltd. (TASE:MZOR) fell 2.73%. Bank Leumi (TASE: LUMI) fell 0.05% on the day's biggest trading turnover.

Delek Group Ltd. (TASE: DLEKG) rose 0.84% for the biggest rise on the Tel Aviv 35 Index today and Delek Drilling LP (TASE: DEDR.L) rose 0.83%. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 0.72%.

Published by Globes [online], Israel business news - www.globes-online.com - on March 22, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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