Wed: Sanctions threat weighs on TASE

Market Overview - The Tel Aviv Stock Exchange experienced a significant decline, with the Tel Aviv 35 Index falling 1.88% to 2,996.85 points, and the Tel Aviv 125 Index dropping 1.99% to 3,041.18 points. The BlueTech Global Index decreased by 0.79% to 549.76 points. The All Bond corporate bond index also fell by 0.10% to 410.84 points. Total turnover reached NIS 4.22 billion in equities and NIS 4.98 billion in bonds [1]. Currency Exchange Rates - In the foreign exchange market, the shekel-dollar rate was set 0.09% lower at NIS 3.34/$, while the shekel-euro rate increased by 0.147% to NIS 3.954/€ [2]. Company Performance - Bank Leumi led the market decline, falling 2.71% with the highest trading turnover. Other banks also saw significant drops: Bank Hapoalim decreased by 3.36%, Mizrahi Tefahot Bank fell by 3.16%, and Israel Discount Bank dropped by 3.29% [2]. - Clal Insurance Enterprise Holdings experienced the largest decline on the Tel Aviv 35 Index, falling 5.58%. Harel Finance and Investments decreased by 4.17%, and Phoenix Financial fell by 4.49%. Elbit Systems Ltd. also saw a decline of 5.23% [3]. - In contrast, Nice rose by 4.18%, marking the largest increase on the Tel Aviv 35 Index. Tower Semiconductor Ltd. increased by 1.41%, while Camtek fell by 0.93% [3]. - Outside the Tel Aviv 35 Index, El Al Israel Airlines Ltd. fell by 5.5%, while Aryt Industries rose by 1.37% [4].