The main indices on the Tel Aviv Stock Exchange are up substantially in early trading today, after a delayed opening because of volatility in the pre-opening phase. US markets rose strongly on Friday, with the S&P 500 Index closing 2.39% higher, and significant arbitrage gaps opened up in dual-listed Israeli stocks. The Tel Aviv 35 Index is currently up 1.80%, at 1,907.9 points, and the BlueTech Global Index is up 2.56%, at 416.73 points. Last week, the Tel Aviv 35 Index fell 3.2%.
The most notable advancer is Shufersal, up 7.96% at this stage. There are also substantial rises in Nofar, up 6.27%; Opko Health, up 6.03%; Delta Galil, up 5.84%; and Nova Measuring Instruments, up 5.38%.
As for the leading stocks at this stage, Delek Group is up 4.19%, Bank Leumi is up 0.94%, Bank Hapoalim is up 0.82%, Shufersal, as mentioned, is up 7.96%, and ICL is up 2.74%.
The shekel strengthened against the dollar and the euro on Friday. The representative shekel-dollar rate fell 1.56%, to NIS 3,412 / $, and the representative shekel-euro rate fell 1.87%, to NIS 3,5514 / €.
Published by Globes, Israel business news – en.globes.co.il – on May 15, 2022.
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