2 months ago
Stock Market

Israel stocks lower at close of trade; TA 35 down 5.06%

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Biomed, Technology and Oil&Gas sectors

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Biomed, Technology and Oil&Gas sectors led shares lower.

At the close in Tel Aviv, the TA 35 fell 5.06% to hit a new 6-months low.

The best performers of the session on the TA 35 were Ormat Technologies (TA:ORA), which fell 0.77% or 150 points to trade at 19430 at the close. Meanwhile, Bezeq Israeli Telecommunication Corp Ltd (TA:BEZQ) fell 1.08% or 4.0 points to end at 365.0 and Paz Oil (TA:PZOL) was down 1.23% or 680 points to 54470 in late trade.

The worst performers of the session were Perrigo (TA:PRGO), which fell 28.76% or 5780 points to trade at 14320 at the close. Teva Pharmaceutical Industries Ltd (TA:TEVA) declined 7.95% or 490 points to end at 5670 and OPKO Health Inc (TA:OPK) was down 7.55% or 77 points to 943.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 392 to 15 and 17 ended unchanged.

Shares in Perrigo (TA:PRGO) fell to 5-year lows; losing 28.76% or 5780 to 14320. Shares in Bezeq Israeli Telecommunication Corp Ltd (TA:BEZQ) fell to 5-year lows; falling 1.08% or 4.0 to 365.0. Shares in Teva Pharmaceutical Industries Ltd (TA:TEVA) fell to 52-week lows; losing 7.95% or 490 to 5670. Shares in OPKO Health Inc (TA:OPK) fell to all time lows; down 7.55% or 77 to 943.

Crude oil for February delivery was down 1.02% or 0.47 to $45.41 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March unchanged 0.00% or 0.00 to hit $54.10 a barrel, while the February Gold Futures contract fell 0.71% or 8.95 to trade at $1258.95 a troy ounce.

USD/ILS was up 0.06% to 3.7678, while EUR/ILS fell 0.04% to 4.2836.

The US Dollar Index Futures was up 0.79% at 96.483.