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Tel Aviv stock indices fall, Teva Pharmaceuticals hits annual high

EditorBrando Bricchi
Published 01/07/2024, 05:24 PM
Updated 01/07/2024, 05:24 PM
© Sivan Farag, Teva PR

TEL AVIV - In the latest market movements on the Tel Aviv Stock Exchange, key indices have experienced a downturn, with the Tel Aviv 35 Index closing down by approximately 0.45% and the Tel Aviv 125 Index by 0.80%. Despite the broader market decline, Teva Pharmaceutical Industries (NYSE:TEVA) Ltd stood out with a significant surge in its share price, reaching an annual high.

Energix Renewable Energies was among the companies that saw one of the steepest drops amid the trading session. This varied performance highlights the divergent paths companies within the exchange are currently taking.

The Israeli currency also saw mixed results in the foreign exchange market. The shekel-dollar exchange rate witnessed a marginal increase, while the shekel-euro rate experienced a slight decrease, reflecting subtle shifts in currency valuations that could impact international trading and investor decisions.

Equity trading volumes on the exchange were notably active, with transactions totaling NIS 752 million. This level of activity signals a robust engagement by investors in the market, despite the overall decline in the indices.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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