Israeli Stocks Mixed as Teva, NICE Rise, Tower Semiconductor Falls
The Tel Aviv Stock Exchange experienced mixed trading on Tuesday morning, with major dual-listed stocks showing varied performance. Teva Pharmaceutical Industries and NICE Systems were poised for gains exceeding 2%, while Tower Semiconductor was expected to drop over 4%. This comes as Asian markets saw slight declines and futures for Wall Street also indicated a minor downturn.
The aggregate arbitrage gap for dual-listed stocks stood at a negative 0.1%. The semiconductor sector, in general, was experiencing a decline.
On Monday, the Tel Aviv market closed in the red, with the TA-90 index losing 1.8%. Notable movers included Elbit Systems, which surged 12%, while software companies saw an increase and Altshuler Shaham lost 9%. Electra Real Estate gained 6% before the market closed.
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