Mon: Banks rise sharply on flat TASE

Leumi led the gains on the market today but Delek fell steeply.

The Tel Aviv Stock Exchange was flat today. The Tel Aviv 35 Index rose 0.05% to 1,508.75 points; the Tel Aviv 125 Index was unchanged at 1,368.95 points; and the BlueTech Global Index rose 0.04% to 377.98 points. The TelBond 20 corporate bond index rose 0.12% to 342.84 points. Trading turnover was NIS 1.43 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.258% from Friday's exchange rate at NIS 3.494/$ and set the shekel-euro rate up 0.408% at 4.311/€.

On the market, Bank Leumi (TASE: LUMI) rose 3.83% for the biggest rise on the Tel Aviv 35 Index on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 2.26%, Israel Discount Bank (TASE: DSCT) rose 1.76%, Mizrahi Tefahot Bank (TASE:MZTF) rose 1.99%, and First International Bank of Israel (TASE: FTIN) rose 2.69%.

Delek Group Ltd. (TASE: DLEKG) fell 4.42% for the biggest fall on the Tel Aviv 35 index and its energy unit Delek Drilling LP (TASE: DEDR.L) fell 1.79%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.53% after Warren Buffett distanced himself from Berkshire Hathaway's investment in the company. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.63%, Azrieli Group Ltd. (TASE: AZRG) fell 1.41%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.63% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.57%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 26, 2018

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

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