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צילום: רויטרס
Israeli shares, shekel slide after 3-day holiday
Shares open more than 3% lower; shekel dropped sharply, trades at NIS 3.51
Israeli shares opened more than 3% lower on Thursday and the shekel dropped sharply after local markets were closed for three days for the Jewish New Year holiday.
The blue-chip Tel Aviv 25 index, TA-25 was off 3.1%, while the broader TA-100 was down 3.5%.
The stock market had been closed since Monday for the holiday and is only now starting to react to the turbulence in global markets in recent days.
Fertilizer maker Israel Chemicals posted the sharpest decline among blue-chips, losing 17.25%.
Real estate groups also posted steep declines with Africa Israel Investments was down 13.7%, Delek Group was off by 5% and Gazit Globe fell 4%.
Teva Pharmaceutical Industries was up by 3.6%.
The shekel was trading at NIS 3.51, compared with an official rate of NIS 3.4210 on Sept. 26, the last day the Bank of Israel set an official rate.
