Israeli Benchmark Index Sees Gains After Three-Day Plunge

(Bloomberg) -- Israeli stocks closed up Tuesday, recovering from a three-day plunge exacerbated by Prime Minister Benjamin Netanyahu’s coalition vote to dissolve the parliament and move up elections by seven months.

The TA-35 bounced back from the decline as 30 index members advanced, with Bank Hapoalim Ltd. and Bank Leumi Le-Israel BM seen as the biggest contributors to gains.

Israeli Benchmark Index Sees Gains After Three-Day Plunge

Tuesday’s performance followed the steepest fall in more than seven years on Sunday, as drugmaker Perrigo declined the most on record due to concern over a $1.8 billion tax assessment.

  • Index added 2.11 percent. It is down 4 percent for the year.
Get More: 
  • Israel Stocks Cheapest Since 2013 as Sell-Off Drags On: Chart
  • On Dec. 24: Netanyahu Coalition to Dissolve, Elections Called for April
  • On Dec. 23: Perrigo’s Slump Drags Israeli Stocks to Biggest Drop Since 2011

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