The Maof-25 index of blue chips closed down 1.5% to 421.46 points, after a quiet session with a turnover of just NIS 95 million the lowest seen so far this year. The TA-100 also finished down 1.34% to 413.11 points, and the Tel-tech index of technology shares fell even more sharply, losing 1.7%.

Nice (Nasdaq:NICE) rose 0.8% on a positive arbitrage gap of 2.5%, and attracted the largest turnover of today's trading at NIS 11 million. Eshed's shares also enjoyed a positive gap that opened trade on the Nasdaq, and jumped 35.2%, on a turnover of NIS 172,000.

But Teva (Nasdaq:TEVA) fell 2.4%, on a NIS 6 million turnover.

Shares in Elron (Nasdaq:ELRN) shed 2.7%, and Matav (Nasdaq:MATV) lost 5.2%, due to the negative gaps opened over the weekend on the Nasdaq.

After experiencing gains on Thursday, the banking sector returned to a losing trend, which typifies its behavior of late. Bank Hapoalim shares lost 0.8% on a NIS 9 million turnover, Bank Leumi fell 0.7%, and Bank Mizrahi dropped 2.2%.

Liraz dropped a sharp 12.6% (following a 15% dive this morning). On Thursday the share dropped 2.5% following publication of results of its holding company (34%) Level 8, which lost $49 million in the first quarter.