Israel’s TA-25 Index dropped the most since October 2000, plunging 7 percent to 1,074.27 at the 4:30 p.m. close in Tel Aviv. Investors traded about 2.66 billion shekels ($755.8 million) in shares and convertible securities today, according to Tel Aviv Stock Exchange data.
The following stocks rose or fell today. Symbols are in parenthesis.
Internet Gold-Golden Lines Ltd. (IGLD IT) plunged 17 percent to 57.28 shekels, dropping the most since March 2005. The Internet service provider accepted commitments for 121.5 million shekels of Series C bonds.
Bank Leumi Le-Israel Ltd. (LUMI IT), the country’s largest lender by assets, the biggest loss since November 2008, falling 8.4 percent to 13.49 shekels. Israeli banks’ core Tier 1 capital is relatively low and should be increased, Banking Supervisor David Zaken said today. As a result, the ability of banks to pay dividends may decline, he said. Bank Hapoalim Ltd. (POLI IT) declined 9.3 percent to 14.30 shekels and Israel Discount Bank Ltd. (DSCT IT) retreated 10 percent to 5.44 shekels.
LivePerson Inc. (LPSN IT), the maker of customer-service software, gained 2 percent to 39.73 shekels narrowing the gap with U.S. traded shares which rose 5.4 percent to close at $11.67, or the equivalent of 41.07 shekels on Aug. 5.