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Israel stocks lower at close of trade; TA 35 down 4.78%

imageStock Markets8 hours ago (Mar 08, 2020 01:30PM ET)

(C) Reuters. Israel stocks lower at close of trade; TA 35 down 4.78% – Israel stocks were lower after the close on Sunday, as losses in the Oil & Gas, Insurance and Communication sectors led shares lower.

At the close in Tel Aviv, the TA 35 fell 4.78% to hit a new 52-week low.

The best performers of the session on the TA 35 were OPKO Health Inc (TASE:OPK), which rose 44.42% or 245 points to trade at 795 at the close. Meanwhile, Perrigo (TASE:PRGO) fell 1.00% or 190 points to end at 18860 and Elbit Systems Ltd (TASE:ESLT) was down 1.80% or 900 points to 49100 in late trade.

The worst performers of the session were Delek Group (TASE:DLEKG), which fell 30.81% or 8570 points to trade at 19250 at the close. Israel Corp (TASE:ILCO) declined 16.81% or 7680 points to end at 38010 and Delek Drilling LP (TASE:DEDRp) was down 13.80% or 69 points to 431.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 396 to 21 and 6 ended unchanged.

Shares in Delek Group (TASE:DLEKG) fell to 5-year lows; losing 30.81% or 8570 to 19250. Shares in Israel Corp (TASE:ILCO) fell to 5-year lows; falling 16.81% or 7680 to 38010. Shares in Delek Drilling LP (TASE:DEDRp) fell to 5-year lows; down 13.80% or 69 to 431.

Crude oil for April delivery was down 9.35% or 4.29 to $41.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 8.90% or 4.45 to hit $45.54 a barrel, while the April Gold Futures contract rose 0.38% or 6.35 to trade at $1674.35 a troy ounce.

USD/ILS was up 0.09% to 3.4853, while EUR/ILS rose 0.51% to 3.9335.

The US Dollar Index Futures was down 0.75% at 96.060.

Israel stocks lower at close of trade; TA 35 down 4.78%

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