Mon: New CEO provides huge tonic for Teva and TASE

Teva soared while Israel Chemicals and Delek Drilling recouped much of yesterday's losses.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.38% to 1,404.03 points; the Tel Aviv 125 Index rose 1.20%, to 1,273.77 points; and the BlueTech Global Index rose 1.00% to 353.85 points. The TelBond 20 corporate bond index rose 0.06% to 338.49 points.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate today up 0.485% at NIS 3.521/$ from Friday's rate and set the shekel-euro rate up 0.080% at 4.2302/€.

On the market, trading was led by Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA), which rose 16.63% on a huge trading turnover, by far the largest of the day, following the appointment of a new CEO. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 4.53% and parent company Israel Corporation (TASE: ILCO) rose 3.73%. Mylan N.V. (Nasdaq: MYL; TASE: MYL) rose 1.94% and Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 2.38%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 1.61%, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 1.88% and Delek Drilling LP (TASE: DEDR.L) rose 2.41%.

Few companies fell today with Amot Investments Ltd. (TASE:AMOT) down 1.80% for the biggest fall on the Tel Aviv 35 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on September 11, 2017

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

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