Trading on the Tel Aviv Stock Exchange closed with price declines

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The Tel Aviv 35 Index weakened by 0.76%, and the Tel Aviv 90 Index decreased 0.57%. Among the sectorial: the biomed index stood out when it fell by about 1.40%

The Tel Aviv Stock Exchange closed today with price declines. The Tel Aviv 35 Index weakened 0.76% and the Tel Aviv 125 Index decreased 0.69%. The Tel Aviv 90 Index decreased by 0.57%. As for the sectoral indices, the biomed index stood out when it weakened 1.37%, the communications index decreased 1.09%, the insurance index decreased 0.94%, the real estate index decreased 0.77% and the banks index decreased 0.47%. The oil and gas index rose 0.53%.

Shares of Mizrahi Tefahot and Teva concentrated large upward trading volumes. Shares of Leumi, Poalim, Discount, NICE, ICC and Perrigo concentrated large declining trading volumes.

A significant rise was measured today in Retailers’ share, which rose by about 7%. Followed by prominent rates of increases today: Energian, Ogwind, Electrion, Fuel Group, Novolog, Nofar Energy and Nakes.

The large declining rates were led today by shares of Reit, which fell by about 5%, followed by shares of Electra, Magic, Compugen, Sapphire, Nova, Ratio Yahsh and Partner.

The volume of trade today was about NIS 1.84 billion.

In New York, trading is declining, in Europe a mixed trend.

The Ashtrom Group reported that the net profit for shareholders in the quarter amounted to NIS 89 million, compared with NIS 95.5 million in the corresponding period in 2020. The Group’s revenues in the third quarter of 2021 amounted to NIS 1.05 billion, compared with NIS 1.16 billion in the corresponding quarter last year.

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For the first time in Israel, the competition commissioner is working against a monopoly that “abused its position by setting an unfair price”: The competition commissioner today informed MBI Pharma of its intention to impose financial sanctions of NIS 8 million on the company, after the commissioner claims a high price. Too much for medicine.

Rav Bariach recorded a net loss of approximately NIS 10 million in the third quarter. The Group’s revenues in the quarter grew to approximately NIS 125.9 million, an increase of approximately 22% compared to approximately NIS 103.3 million in the corresponding quarter in 2020.

The Hamerman plant reported that the net profit for the quarter increased by approximately 35% and amounted to NIS 23.2 million. During the quarter, the company sold 93 housing units, compared with 73 housing units in the corresponding quarter last year.

Malam Tim won a tender from the Ministry of Absorption in the amount of NIS 4.5 million per year. This is a tender for the provision of operation and maintenance services of the ICT infrastructure. The contract was signed for 3 years, with an option for another 7 years.

Electra shows record revenue in the third quarter of this year. The entry into the transportation industry led to a growth of 15%. The net profit for the quarter is NIS 53.2 million.

The International Bank presents a net profit of NIS 364 million in the third quarter of the year. The bank maintains a profitability rate in the first three quarters of the year and shows a return on equity of 15.3%.

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Harel’s review: “We believe that we will not see an increase in interest rates before the end of 2022. In Israel, the strengthening of the shekel and the decline in inflation expectations reduce our assessment of pressure from the Bank of Israel, although it is likely that the US will start raising interest rates earlier.”

Bull-Tech Value Overflow: Its investment in Vesttoo has increased 9 times in 7 months. Vesttoo announced yesterday the completion of a $ 15 million round of funding at a value of $ 300 million “after the money”.

Yanivim acquires income-producing properties in Or Yehuda and Acre for a total consideration of NIS 97 million. The company purchases the assets from Phoenix. In the first transaction, the “Fan Building” was purchased in Or Yehuda, and in the second transaction, Manivim purchases part of a building in Acre, which is leased to Clalit Health Services.

Excel Solutions received orders for the supply of routers amounting to approximately $ 5.5 million from a telecom operator. The group reports that the subsidiary Solutions, has won a new tender from a customer and has received orders to purchase Fiber routers and new and advanced generation network equipment, for delivery by the end of 2022.

Elbit Systems: Revenue in the third quarter was $ 1.36 billion, compared to $ 1.13 billion in the same quarter last year. Non-GAAP net income attributable to the Company’s shareholders for the quarter amounted to $ 103 million (7.6% of revenue), compared to $ 72.7 million (6.4% of revenue) in the corresponding quarter last year.

Discount: Net profit for the quarter increased by 180% and amounted to NIS 722 million. The return on equity reached a rate of 14.5% in the third quarter, compared with 5.5% in the corresponding quarter last year. In the first nine months of the year, the return on capital reached 15.2% compared to 5%.

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TASE profits in the third quarter increased by approximately 80% compared with the corresponding quarter. The profit amounted to NIS 9.6 million, compared with NIS 5.4 million in the corresponding quarter in 2020. Revenues in the quarter amounted to NIS 75 million, compared with NIS 72 million in the corresponding quarter.

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