The Tel Aviv Stock Exchange fell sharply today following falls by markets around the world on Friday. The Tel Aviv 25 Index fell 4.08%, to 1,625.97 points; the Tel Aviv 100 Index fell 4.10%, to 1,416.39 points; and the BlueTech Index fell 4.63% to 338.89 points. The TelBond 20 corporate bond index fell 0.65%, to 316.34 points. Turnover totaled NIS 1.4 billion.
On Friday, on the foreign exchange market, the Bank of Israel set the shekel dollar representative rate down 0.232% from Thursday's rate at NIS 3.874/$, and the representative shekel-euro rate was set up 0.306%, at NIS 4.356/€.
On the market, all 25 shares on the Tel Aviv 25 Index fell sharply including Paz Oil Company Ltd. (TASE:PZOL), which fell 2%, despite reporting a huge rise in profit. Delek Group Ltd. (TASE: DLEKG) fell 5.88% for the biggest fall on the Tel Aviv 25 index and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 5.21%. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 3.06% on the day's biggest trading turnover.
The banks also fell sharply with Bank Leumi (TASE: LUMI) down 5.05%, Bank Hapoalim (TASE: POLI) down 4.71% and Israel Discount Bank (TASE: DSCT) down 4.99%.
Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) fell 1.77% for the smallest fall on the Tel Aviv 25 Index.
Published by Globes [online], Israel business news - www.globes-online.com - on August 23, 2015
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