Mon: TASE flat as banks fall

The banks fell sharply today but chip companies Tower and Nova bucked the market.

The Tel Aviv Stock Exchange was flat today. The Tel Aviv 35 Index fell 0.03% to 2,984.60 points; the Tel Aviv 125 Index rose 0.08% to 3,053.77 points; and the BlueTech Global Index rose 0.38% to 524.09 points. The All Bond corporate bond index fell 0.07% to 408.65 points. Turnover totaled NIS 3.47 billion in equities and NIS 3.25 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.93% from Friday, at NIS 3.365/$, and the representative shekel-euro rate was set 0.96% higher at NIS 3.933/€.

Bank Hapoalim (TASE: POLI) led the market today, falling 2.11% on the day's biggest trading turnover, for the biggest fall on the Tel Aviv 35 Index. Bank Leumi (TASE: LUMI) fell 2.07%, Israel Discount Bank (TASE: DSCT) fell 1.80% and Mizrahi Tefahot Bank fell 1.96%. Clal Insurance Enterprise Holdings (TASE: CLIS) fell 0.96%.

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) rose 3.16% for the biggest rise on the Tel Aviv 35 Index and Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) rose 1.88%. Phoenix Financial Ltd. (TASE: PHOE) rose 2.36% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 1.54%.

Outside of the Tel Aviv 35 Index El Al Israel Airlines Ltd. (TASE:ELAL) fell 2.55% after CEO Dina Ben-Tal Ganancia announced she would be stepping down before the end of the year.

Published by Globes, Israel business news - en.globes.co.il - on July 14, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.

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