Declines in trade opening in Tel Aviv, leading indices weaken 0.3%

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The banks index is down 0.2%; DSK jumps 15%; Delek Group drops 2.8%; negative trend in Europe; futures are trading down 0.7%

The trading day in Tel Aviv opened with slight declines, against the background of price declines last night on the US and European stock exchanges, after sharp rises recorded on the local stock exchange.

In the US, the first confrontation took place last night in the presidential race between Trump and Baiden, with the election campaign reaching its final line ahead of the vote in November. Similar and the Nasdaq settled for a 0.3% decline.

This morning in Asia there is a mixed trend, with the Japanese Nikkei down 1.1% while the Shanghai index climbs 0.45% and the Heng Seng index adds 1.2%. New York futures are currently trading at up to 0.65% and point to a negative opening of the US trading day.

The dual stocks return with a zero gap of 0.04%, while on the negative side ECL returns with a gap of 1.2%, Ormat with a negative gap of 0.7%, and Tower with a negative gap of 0.4%. Nova, on the other hand, returned with a positive gap of 0.6%, Sapiens with the same positive gap, and Ofeko with a positive gap of 0.4%.

Last night in Tel Aviv, trading ended sharply, when the market returned to activity after the Yom Kippur holiday during which there was no trading on the local stock exchange. The Tel Aviv 35 index rose 1.5%, the Tel Aviv 125 index rose 2.05%, the banks index strengthened 0.86%, the oil index jumped 2.8% and the real estate index jumped 2.2%.

OPC shares jumped 10.6% amid a report that the company plans to issue bonds in the amount of NIS 250 million to finance the CPV transaction. The company secured most of the funding sources to make the purchase at about $ 800 million. In addition, the company is negotiating credit for NIS 400 million with the Harel Group.

Delek Group reported that it is selling Delek Israel shares for NIS 450 million. The purchaser, the Arbel Fund, will receive preference shares and ordinary shares in Delek Israel, which together constitute 49.9% in the company. An amount of NIS 350 million of the proceeds will be used to repay the company’s debt to the banks. The share responded with an increase of 8.4%





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