TA 35 Index Climbs 1.02% as Tech and Biomed Stocks Lead Tel Aviv Gains

Israel's benchmark TA 35 index finished Thursday's trading session with a gain of 1.02%, driven by broad strength across the insurance, biomed, and technology sectors, according to market data.

Sector and Stock Movers

The advance was reflected in the market's breadth, with 259 stocks rising on the Tel Aviv Stock Exchange compared to 211 decliners, while 90 stocks ended the session unchanged. The day's trading was marked by several significant individual stock movements.

Among the top performers on the TA 35 index were:

• Tel Aviv Stock Exchange (TASE:TASE), which surged by an exceptional 14.98%.
• NICE Ltd (TASE:NICE), a technology firm, which added 5.99% to its value.
• Mega Or (TASE:MGOR), which closed up 5.62%.

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On the other end of the spectrum, some banking and consumer goods stocks weighed on the index. The session's worst performers included Bank Hapoalim (TASE:POLI), down 1.89%; Strauss Group (TASE:STRS), which declined 1.80%; and Leumi (TASE:LUMI), which fell 1.72%.

Currency and Commodity Markets

In the foreign exchange market, the Israeli shekel showed strength against major currencies. The USD/ILS pair fell 0.62% to 3.03, while the EUR/ILS pair declined 0.40% to 3.48. This move occurred as the US Dollar Index Futures edged down 0.10%.

Meanwhile, commodity markets saw a downturn in energy prices. Crude oil for October delivery was down 1.42% to $100.98 a barrel, and Brent oil for November delivery fell 2.24% to $103.46 a barrel. In contrast, the December Gold Futures contract saw a modest gain of 0.23%, trading at $4,397.55 per troy ounce.