Sun: Teva resumes slide

Teva gave up some of last week's gains while Delek, Strauss and Israel Corp led the TASE higher today.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.12% to 1,425.31 points; the Tel Aviv 125 Index rose 0.32% to 1,287.27 points; the BlueTech Global Index rose 0.07% to 365.74 points and the TelBond 20 corporate bond index rose 0.19% to 333.85 points. Trading turnover was NIS 765.4 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.170% at NIS 3.527/$ on Friday and set the shekel-euro rate up 0.224% at 3.939/€.

On the market, Israel Chemicals (TASE: ICL: NYSE: ICL) rose 1.94% and parent company Israel Corporation (TASE: ILCO) rose 3.38% for the biggest rise on the Tel Aviv 35 Index today. Sister company Kenon Holdings (NYSE: KEN; TASE: KEN) rose 3.46% after relinquishing its controlling stake in Chinese carmaker Qoros.

Delek Group Ltd. (TASE: DLEKG) rose 2.02% and energy exploration and production unit Delek Drilling LP (TASE: DEDR.L) rose 2.30%. Strauss Group Ltd. (TASE:STRS) rose 3.13%. Azrieli Group Ltd. (TASE: AZRG) rose 1.70%, Melisron Ltd. (TASE: MLSR) rose 1.93% and Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 1.84%.

After gaining about 10% last week, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) gave up some of its gains today, losing 1.70% on the day's biggest trading turnover. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.45%, Big Shopping Centers (2004) Ltd. (TASE:BIG) fell 1.45% and Sodastream International Ltd. (Nasdaq: SODA) (TASE: SODA) fell 3.55% for the biggest fall on the Tel Aviv 35 Index.

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

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

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