Tel Aviv Index Jumps by 1.2%

The Tel Aviv 125 index also climbs by 1.2%, the banks index rises by 1%; Ormat leads the positive trend in the flagship index and strengthens by 5.9%; Yesterday in New York – the Dow Jones and Nasdaq jumped by 1.9%.

The stock market opens the last trading day of the week in a positive trend after the optimism recorded yesterday in New York. The Tel Aviv 35 and Tel Aviv 125 indices are up 1.2%, and Tel Aviv Banks is up 1%.

 

All shares in the Tel Aviv 35 index are trading higher, with Ormat Technologies leading the positive trend with a jump of 5.9%. Nice records the most moderate rise in the flagship index and climbs 0.1%.

 

The Tel Aviv Stock Exchange will open this morning against the backdrop of last night’s jump on Wall Street after Trump announced that he will help the airlines take additional economic relief measures. The Dow Jones and Nasdaq indices jumped 1.9%, the S&P 500 – 1.7 %.

 

In Asia this morning a mixed trend: the Tokyo Stock Exchange is up 1.1%, Hong Kong is down 0.7%, Seoul is up 0.3%, Sydney is up 1.3%. Even today there is no trading on the Shanghai Stock Exchange due to vacation.

 

Last night, the stock market indices closed without significant movements: Tel Aviv 35 and 125 fell by 0.1%. Ofeko jumped by 6.4% at the top of the flagship index, Leibperson jumped by 5.1%. Mega Or has submitted a bid to acquire control of DSKS at a value of NIS 1.27 billion. The completion of the Chevron-Noble transaction continues to boost the partnership in the Whale Reservoir – Ratio soared by 5.1%.

 

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