Thu: TASE posts positive week as Teva halts slide

Trading was led by the big two banks today, with both rising strongly, while Teva corrected slightly.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.34%, to 1,423.35 points; the Tel Aviv 125 Index rose 0.21%, to 1,301.73 points; and the BlueTech Global Index rose 0.43%, to 383.29 points. The TelBond 20 corporate bond index rose 0.17%, to 335.01 points. Turnover totaled NIS 2.1 billion.

For the week, the Tel Aviv 35 Index rose 0.8%. The index is down 3.2% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.47% lower, at NIS 3.5760/$, and the representative shekel-euro rate was set 0.23% lower, at NIS 4.0099/€.

Trading was led by the big two banks, which both reported first quarter results today. Bank Leumi rose 2.72%, and Bank Hapoalim rose 1.59%. Teva corrected slightly from its recent slide, rising 1.18%. Nice Systems rose 2.76%, and Discount Bank rose 1.69%.

Notable advancers were MannKind, up 7.37%, and Mazor Robotics, up 5.6%. Azrieli Group fell 3.66%.

The Tel Aviv Stock Exchange launched trading in options on the shares of the Harel insurance company and the telecom companies Partner and Cellcom today.

Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2017

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

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018