image sourced from original article at The Tel Aviv Stock Exchange closed lower on Tuesday, led by declines in major defense-related shares. Elbit Systems and Next Vision both fell, weighing on the broader market, while Tower continued its upward momentum.
The Tel Aviv 35 Index dropped 1.17 percent to 4,267.51 points, and the Tel Aviv 125 Index fell 1.23 percent to 4,170.43 points. The BlueTech Global Index declined 2.24 percent to 698.37 points, while the All Bond corporate bond index edged down 0.08 percent to 421.58 points. Equity turnover reached 5.38 billion shekels and bond turnover totaled 6.94 billion shekels.
On the foreign exchange market, the representative shekel-dollar rate rose 0.418 percent to 3.125 shekels per dollar, and the shekel-euro rate increased 0.622 percent to 3.622 shekels per euro. Financial stocks were also weaker, with Menora Mivtachim Holdings down 3.51 percent and Phoenix Financial falling 2.70 percent.
