Sun: TASE jumps on hostage deal optimism

Bank and real estate stocks rose sharply but Teva and NICE Systems declined.

The Tel Aviv Stock Exchange rose sharply today buoyed by optimism on a hostage deal. The Tel Aviv 35 Index rose 2.27%, to 2,063.29 points; the Tel Aviv 125 Index rose 2.73% to 2,046.85 points; and the BlueTech Global Index rose 1.53% to 423.26 points. The All Bond corporate bond index rose 0.61% to 378.38 points. Turnover totaled NIS 1.81 billion in equities and NIS 2.57 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.535% on Friday, at NIS 3.721/$, and the representative shekel-euro rate was set 0.267% lower at NIS 4.029/€.

On the market, real estate stocks rose strongly led by Electra Ltd. (TASE: ELTR), which rose 6.49% and Amot Investments (TASE: AMOT), which rose 6.52% for the biggest rise on the Tel Aviv 35 Index today. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ rose 3.81% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 0.84%.

Bank Leumi (TASE:LUMI) led the market today, rising 3.37% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 3%, Israel Discount Bank (TASE: DSCT) rose 2.75% and Mizrahi Tefahot Bank rose 3.40%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.49% for the biggest fall on the Tel Aviv 35 Index today. NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) fell 1%, Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) fell 0.79% and Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) fell 0.76%.

Published by Globes, Israel business news - en.globes.co.il - on July 7, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

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