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Israel stocks lower at close of trade; TA 25 down 0.33%

Published 12/07/2016, 11:00 AM
Updated 12/07/2016, 11:00 AM
Israel stocks lower at close of trade; TA 25 down 0.33%

Investing.com – Israel stocks were lower after the close on Wednesday, as losses in the Banking, Financials and Insurance sectors led shares lower.

At the close in Tel Aviv, the TA 25 lost 0.33%.

The best performers of the session on the TA 25 were Ormat Technologies (TA:ORA), which rose 1.43% or 260 points to trade at 18480 at the close. Meanwhile, Gazit Globe (TA:GZT) added 1.35% or 46 points to end at 3456 and OPKO Health Inc (TA:OPK) was up 1.27% or 53 points to 4235 in late trade.

The worst performers of the session were Mylan NV (TA:MYL), which fell 2.94% or 390 points to trade at 12870 at the close. Teva (TA:TEVA) declined 1.50% or 200 points to end at 13160 and Poalim (TA:POLI) was down 1.16% or 27 points to 2306.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 184 to 170 and 88 ended unchanged.

Shares in Mylan NV (TA:MYL) fell to all time lows; losing 2.94% or 390 to 12870. Shares in Teva (TA:TEVA) fell to 3-years lows; losing 1.50% or 200 to 13160.

Crude oil for January delivery was down 1.55% or 0.79 to $50.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.09% or 0.59 to hit $53.34 a barrel, while the February Gold contract rose 0.87% or 10.15 to trade at $1180.25 a troy ounce.

USD/ILS was down 0.51% to 3.7964, while EUR/ILS fell 0.19% to 4.0865.

The US Dollar Index was down 0.32% at 100.19.

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