NICE Systems and Elbit Systems Propel Tel Aviv Stock Exchange While Hapoalim Declines

The trading session on the Tel Aviv Stock Exchange (TASE) ended on a positive note, with the market experiencing an overall uptick. Leading this ascent were two key players: NICE Systems and Elbit Systems. Their strong performance contributed to the upward trajectory of the exchange, even as the banking sector witnessed some losses, particularly in Hapoalim.

Indices on the Rise

The Tel Aviv 35 Index marked a gain of 0.20%, closing at 1,810.56 points. Similarly, the Tel Aviv 125 Index saw a modest increase of 0.13%, ending at 1,835.22 points. Representing the high-tech and biotech sectors, the BlueTech Global Index outperformed others by climbing 0.64% to 354.93 points. Moreover, the All Bond corporate bond index experienced a growth of 0.30%, reaching 372.29 points. Equities saw a turnover of NIS 1.75 billion, while bonds traded amounted to NIS 5.50 billion.

Fluctuations in Currency Exchange

Shifts in currency exchange rates also marked the day. The shekel weakened against the dollar, with the Bank of Israel setting the representative shekel-dollar rate at NIS 3.709/$, a 0.510% decrease from the previous day. The shekel-euro rate saw a drop of 0.865%, arriving at NIS 3.9997/€.

Stock Movements

Camtek led the gains on the Tel Aviv 35 Index with a 4% uptick. NICE Systems' shares rose by 2.89%, while defense contractor Elbit Systems gained 0.98%. Ormat Technologies matched this percentage gain. NewMed Energy and Mizrahi Tefahot Bank also saw their stocks rise by 2.19% and 0.75%, respectively.

On the downside, Bank Hapoalim faced the largest setback, dropping 1.37% which was notable given its high trading volume. Others that saw declines included Big Shopping Centers, down by 2.63%, and Shikun & Binui Holdings, decreasing by 2.40%. The First International Bank of Israel also recorded a loss, dropping by 2.23%.

Stocks, Markets, Trading