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Mon: Interest rate cut boosts stocks

The Tel Aviv Stock Exchange saw significant gains today following a decision by the Bank of Israel Monetary Committee to lower the key lending rate by 0.25 percent. The main indices, including the Tel Aviv 35 and Tel Aviv 125, both climbed by over 1.5 percent, while the real estate sector outperformed with a rise of more than 2 percent. Notable real estate stocks such as Electra Real Estate and Azorim posted strong advances. Meanwhile, trading volumes were high, and the shekel edged slightly higher against both the dollar and the euro. Some major banks experienced declines, while companies like Teva and Nice recorded gains.

Original article source: https://en.globes.co.il/en/article-mon-interest-rate-cut-boosts-stocks-1001527401
Source Id: 8970790291

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