Stocks were generally down for the day on the Tel Aviv Stock Exchange on Tuesday, led by declines in communications shares, which were 2.7% lower, led by Bezeq, which lost 4.5% of its value in heavy trading. The benchmark Tel Aviv-25 index declined by 0.25% to 1,346,72 points Tuesday while the broader TA-100 index dropped by 0.32% to 1,213.57. The Banks-5 index bucked the general trend and rose by 0.5% while the Real Estate-15 index performed nearly as well, closing 0.4% higher. Volume for the day was NIS 1.54 billion.

Bank Leumi deferred the release of its latest financial results from Wednesday to Thursday evening. The postponement was the result of a delay in the release of financial results of the Israel Corporation, a company in which the bank owns an 18% stake. In other corporate news of interest to capital markets, Fishman group’s Darban Hashkaot firm announced on Tuesday that it was selling real estate in Berlin for NIS 56 million, about 11.6 million euros. The property was purchased in 2004 and was one of many the company acquired in Germany. The seller is expected to make a gross profit on the deal, before expenses and taxes, of about NIS 8 million.

In Tuesday’s tradiing Lev Leviev’s Africa-Israel Investments declined by more than 4.6%. Other shares that dropped include Evogene, the agrotech company, which lost 4.55% on the day and Ratio Oil Exploration which lost 3.95% of its value. Fox-Wisel, which runs the Fox fashion chain, declined by 3.65%. On the bright side, Given Imaging rose by 5.1% and Airport City, which operates the commercial complex near Ben-Gurion International Airport, saw its stock price rise by 3.55%. Naphtha Israel Petroleum shares rose by 2.6%.

Beyond the Tel Aviv-100 index, shares of Camtek, which is involved in the semiconductor and printed circuit board field, jumped by 18.8%. Mazor Robotics’ shares, on the other hand, declined by 7.2%. Globe Exploration shares fell by a sizeable 13.5% and Can Fite Biopharma shares lost 5.86%. On the bond market, the Tel Bond indexes traded up to 0.11% higher.

On the overseas markets, shares in Spanish oil major Repsol bucked the general trend Tuesday, surging 4.6% as investors cheered the potential end to a year-long conflict with Argentina over compensation for the nationalization of Repsol’s stake in YPF, a vertically-integrated Argentine energy company.

At about 15:30 GMT, or 5:30 PM Israel time, Tuesday the FTSEurofirst 300 index of top European shares was down 0.4% at 1,296.89 points. The index, which increased its losses in late trading after data showed U.S. consumer confidence fell in November, has been moving sideways for nearly a month. Mixed macroeconomic data and a batch of lower-than-expected corporate earnings halted the rally that began late in June.

With Europe’s earnings season drawing to an end, results have been disappointing. About half of companies missed profit forecasts and nearly two-thirds have missed revenue forecasts, according to data from Thomson Reuters StarMine. Despite the grim results, ING IM Chief Investment Officer Hans Stoter sees scope for a 12% rebound in European earnings next week, betting on improved economic growth and better margins, boosted in part by lower commodity prices.

With reporting by Reuters.