Wed: Insurance stocks drag TASE down

Insurance stocks and Nice led the declines today as Teva bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.41% to 3,024.71 points; the Tel Aviv 125 Index fell 0.59% to 3,086.74 points; and the BlueTech Global Index fell 1.03% to 537.20 points. The All Bond corporate bond index rose 0.05% to 408.16 points. Turnover totaled NIS 2.64 billion in equities and NIS 8.84 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.03% from Tuesday, at NIS 3.366/$, and the representative shekel-euro rate was set 0.149% lower at NIS 3.883/€.

On the marketת Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) fell 3.34% for the biggest fall on the Tel Aviv 35 Index today. Nice (Nasdaq: NICE; TASE:NICE) fell 2.91% and Enlight Renewable Energy (Nasdaq: ENLT; TASE: ENLT) fell 2.81%. ICL (TASE: ICL: NYSE: ICL) fell 2.23%, Clal Insurance Enterprise Holdings (TASE: CLIS) fell 1.45% and Phoenix Financial Ltd. (TASE: PHOE) fell 1.79%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) led the market today, rising 2.34% for the biggest rise on the Tel Aviv 35 Index on the day's biggest trading turnover. Bank Leumi (TASE: LUMI) rose 0.90% and Bank Hapoalim (TASE: POLI) rose 0.93%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 1.39% and Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 1.52%.

Outside of the Tel Aviv 35 Index, Isracard (TASE: ISCD) rose 2.01%.

Published by Globes, Israel business news - en.globes.co.il - on July 30, 2025.

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

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