Thu: Banks lead strong rise

A very positive final session lifted the Tel Aviv Stock Exchange to a 1.9% weekly rise, with Bank Leumi, Bank Hapoalim, and Discount Bank prominent.  

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 1.53%, to 1,461.56 points; the Tel Aviv 100 Index rose 1.52%, to 1,281.36 points; and the BlueTech Index 0.99%, to 358.46 points. The TelBond 20 corporate bond index rose 0.37%, to 321.12 points. Turnover totaled NIS 1.2 billion.

The Tel Aviv 25 Index rose 1.9% over the past week. The index is down 4.4% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.50% lower, at NIS 3.7590/$, and the representative shekel-euro rate was set 0.31% higher, at NIS 4.2236/€.

The banking sector rose strongly today. Bank Leumi led trading, closing up 2.17%. Bank Hapoalim rose 1.87%, and Discount Bank 1.38%. The other leading stocks were both in healthcare: Teva rose 0.63%, and Perrigo rose 2%. Sodastream rose 6.65% and Shikun & Binui 4.31%. Notable decliners were Spacecom, down 2.71%, and Cellcom, down 1.02%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 22, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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