El Al Soars on Flydubai Incident, Azrieli Group Plunges on Tel Aviv Stock Exchange
Translated & summarized from Ice by baba
The Tel Aviv Stock Exchange saw major indices decline on Wednesday. El Al's stock surged following a security incident involving a Flydubai flight, while Azrieli Group was among the top decliners.
The story in 5 lines · by baba
- Tel Aviv Stock Exchange indices closed lower on Wednesday.
- El Al stock jumped nearly 8% due to a Flydubai flight incident.
- Nayax, Pointer, Qualitau, and Camtek also saw significant gains.
- Cannon stock plummeted over 6%, leading the day's decliners.
- Azrieli Group and Elbit Systems were among the notable losers.
The Tel Aviv Stock Exchange closed on Wednesday with a negative trend in its leading indices. The TA-35 index fell by 0.43% to 4,203.98 points, and the TA-125 index dropped 0.21% to 4,075.62 points.
El Al Israel Airlines' stock experienced a significant surge, climbing 7.93% to 1,850 agorot. This rise is attributed to an unusual security incident that occurred on a Flydubai flight to Israel earlier that day.
Other top-performing stocks included Nayax, which rose 7.31% to 14,680 agorot, followed by Pointer, up 6.20% to 31,000 agorot. Qualitau gained 6.04% to 36,010 agorot, and Camtek closed the top five with a 4.84% increase to 47,260 agorot.
Conversely, Cannon led the decliners, plummeting 6.10% to 18,790 agorot. Elbit Systems saw a 4.10% decrease to 205,700 agorot, and OPC Energy lost 3.90% of its value, closing at 8,666 agorot. Azrieli Group's stock fell 3.62% to 35,700 agorot, and ICL Group ended the list of losers with a 3.44% drop to 1,546 agorot.
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