Trading on the Tel Aviv Stock Exchange is expected to open this morning (Thursday) following the increases recorded last night in New York, after the minutes of the Fed’s last meeting revealed voices from the members of the Open Market Committee (FOMC) to slow down the rate of interest rate increases in the US. The Nasdaq rose by 1% , the Dow Jones climbed 0.3% and the S&P 500 index added 0.6% to its value.
Tonight there will be no trading on Wall Street on the occasion of Thanksgiving, and tomorrow trading will close at 20:00.
The report season for the third quarter continues after the publication of strong results for the banks and on the other hand weakness in the yielding real estate companies.
OPC Energy concluded the quarter with a 28% increase in revenues compared to the corresponding quarter last year to approximately NIS 550 million in the third quarter of this year. The company moved to a net profit of NIS 108 million compared to a loss of NIS 112 million in the corresponding quarter last year.
Inrom recorded a 43% increase in net profit compared to the corresponding quarter last year to NIS 33 million in the third quarter of this year. The company will distribute a dividend of NIS 8.3 million.
Globrands reported the financial results for the third quarter according to which the revenues after deducting purchase taxes increased by about 14% and amounted to
About NIS 158 million in the third quarter. The gross profit increased by about 15% to about NIS 52.3 million. The net profit in the quarter increased to NIS 18.4 million. The company’s board of directors decided to distribute a dividend of NIS 25 million to the shareholders.