Wed: Buoyant Frutarom fails to lift TASE

Frutarom and Elbit systems led the gains today while Delek and Isramco led the declines.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.11% to 1,439.44 points; the Tel Aviv 125 Index fell 0.32% to 1,308.88 points; and the BlueTech Global Index fell 0.73% to 355.29 points. The TelBond 20 corporate bond index fell 0.01% to 343.07 points. Trading turnover was NIS 1.63 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.342% from yesterday's exchange rate at NIS 3.518/$ and set the shekel-euro rate up 0.445% at 4.354/€.

On the market, Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 6.99% for the biggest rise on the Tel Aviv 35 on the day's biggest trading turnover on reports of acquisition talks. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 3.87% after buying a US company and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 2.60%.

Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 4.39% for the biggest fall on the Tel Aviv 35 Index and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 3.62%. Delek Group Ltd. (TASE: DLEKG) fell 3.64%, Delek Drilling LP (TASE: DEDR.L) fell 3.57% and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 3.81%. Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) fell 3.04% and Israel Discount Bank (TASE: DSCT) fell 2.54%.

Published by Globes [online], Israel business news - www.globes-online.com - on April 11, 2018

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

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