The trading day on the Tel Aviv Stock Exchange closed today with a negative trend. The Tel Aviv 35 index weakened 0.97% and the Tel Aviv 90 index fell 1.27%. The Tel Aviv 125 index fell by 1.04%. As for the sectoral indices, the real estate index plunged 1.63%, the biomed index fell 1.51%, Tel Aviv Technology fell 1.43%, the oil and gas index fell 0.98% and the banking index fell 0.90%.
Bezeq stock concentrated a large trading cycle on the rise. Shares Leumi, Poalim, Delek Group, Teva, Mizrahi Tefahot, Nice and Discount concentrated large trading cycles in decline.
A noticeable increase was measured today in the Yohannoff stock which rose by about 2.50%. It is followed by notable increases today: Fox, Delta, Paz Neft, Canon, OPC Energy, Cellcom and Poliram.
The major decline rates were led today by Danel shares which fell 6.72%, followed by Doral Energy, Diplomat Holdings, Liveperson, Israel Canada, Dania Sibus, Parshkovski and Azor shares.
The volume of trading today was about NIS 1.78 billion.
In New York, trading opened with falling rates and red screens in Europe as well.
The Bank of Israel is raising the interest rate today by 0.75% to a level of 2%. The increase in the consumer price index in July at a rate of 1.1% and an annual rate of 5.2% tipped the scales for the sharp increase.
Leumi on the interest rate increase: “It is expected that the Bank of Israel will raise the interest rate one more time in the next decision, to 2.50%. Depending on the sequence of data, there may be another increase afterwards, in the November decision, to about 2.75%, and then a stop is expected.”
Rami Levy: Revenues in the second quarter grew by about 9% to a total of NIS 1.74 billion. The gross profit increased by about 5% to about NIS 401 million, compared to about NIS 383 million in the corresponding quarter last year. The net profit amounted to approximately NIS 36.5 million, a decrease of 40%.
Diplomat’s net profit dropped by about 40%. The company’s revenues increased by about 2% to a total of NIS 723. The increase in operating expenses, accommodation and fuel, hurt the operating profit.
Tikun Olam Canbit received the GMP-EU standard from the German Ministry of Health. This move will allow the company to penetrate the European market and realize the global deployment strategy that includes production, export and marketing of the company’s products to Europe and other countries.
Dorsal’s revenues grew by 24.6% in the second quarter of the year. The net profit increased by 151% to about 14.9 million, thanks to a one-time profit of 9.4 million resulting from the sale of a part in the My-Mall mall in Limassol.
ace. R Accord shows stability in the net profit in the second quarter of the year: the net profit was NIS 20.1 million, a minor decrease compared to the first quarter.
Cement from the Israel Shipyards Group is establishing a dedicated company for the gypsum board field. The plasterboard market in Israel is estimated at half a billion NIS and is controlled by only 2 companies.
Yohannoff: An increase of about 12.3% in the company’s revenues in the second quarter of 2022. The main increase is due to the opening of new stores and the Zol Stock chain. The net profit decreased to about NIS 37 million.
Shapir Engineering shows an increase in revenue and a decrease in net profit in the second quarter of the year. Revenues increased by approximately 6.5% to a total of NIS 1.015 billion, net profit decreased by approximately 17.8% and was NIS 82.4 million.