Tue: Teva revival boosts TASE

Pharma stocks Teva, Mylan and Perrigo rose strongly while Delek Drilling led the losses.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.61% to 1,412.60 points; the Tel Aviv 125 Index rose 0.52% to 1,280.41 points; and the BlueTech Global Index rose 1.08% to 354.61 points. The TelBond 20 corporate bond index rose 0.76% to 356.42 points. Trading turnover was NIS 1.44 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate today up 0.426% at NIS 3.536/$ from yesterday's rate and set the shekel-euro rate down 0.009% at 4.2298/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 6.99% for the biggest rise on the Tel Aviv 35 Index on the day's biggest trading turnover. This was Teva's second consecutive day of strong gains following the appointment of a new CEO. Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 6.77% and Mylan N.V. (Nasdaq: MYL; TASE: MYL) rose 2.17%.

Delek Drilling LP (TASE: DEDR.L) fell 3.95% for the biggest fall on the Tel Aviv 35 Index and parent company Delek Group Ltd. (TASE: DLEKG) fell 2.31%. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2.77%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.74% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.39%.

Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2017

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

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