Economists ascribe a 7% decline in the currency’s value to local and global factors that won't be going away quickly.
Eran Azran, Eran Azran
SodaStream said to be in acquisition talks with British fund; Settlement offered in IDB dividend suit; Kardan NV agrees to debt talks with bondholders; TA-25 rises in last-minute move.
Halt follows announcement by Hyperion Therapeutics that it had uncovered misconduct in recently-purchased subsidiary Andromeda Biotech.
U. Dori losses balloon to $116 million; Eliezer Fishman moving forward with plans for IPO of cellular tower operator T4U Holding Brasil.
TA-25 index gains 1.4% for the day as government’s 10-year shekel bond touches record high
Clal Insurance buys U. Chicago property; Tel Aviv Stock Exchange drops amid war and Q2 reports.
With growth sluggish and a strong shekel, expect the Bank of Israel rate to remain low for now.
Four companies have raised $709 million this year and more are on their way.
The dollar gains more than 1% on the Israeli currency to its highest level since March.
The housing market has been in flux as buyers wait to see whether Finance Minister Yair Lapid’s 'zero-VAT' bill is approved.