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Tel Aviv's TA-35 Index Edges Higher, Led by Real Estate and Energy Sectors
Israel's benchmark stock index, the TA-35, finished Tuesday's trading session in positive territory, climbing 0.22% to close higher. The advance was primarily driven by investor buying in the real estate, communication, and oil and gas sectors, according to market data.
Market Movers and Breadth
The overall market sentiment on the Tel Aviv Stock Exchange was positive, with advancing stocks outnumbering decliners by a margin of 321 to 170, while 68 stocks ended the session unchanged. This indicates broad-based buying activity beyond the main index.
Leading the gains on the TA-35 were:
- Dimri (TASE:DIMRI), which surged 5.47%.
- Next Vision Stabilized Systems (TASE:NXSN), adding 5.20%.
- Big Shopping Centers Ltd (TASE:BIG), which rose 4.19%.
AdOn the other end of the spectrum, the session's worst performers included OPC Energy Ltd (TASE:OPCE), which fell 4.67%, and Camtek Ltd (TASE:CAMT), which declined 4.64%.
Commodities and Currency Context
The strength in oil and gas shares coincided with a notable rally in global energy markets. Crude oil futures for October delivery increased by 2.32% to trade at $87.75 a barrel, while Brent oil for December delivery saw a larger jump of 4.42% to $92.28 a barrel.
In currency markets, the Israeli shekel weakened against the U.S. dollar, with the USD/ILS pair rising 1.14% to 3.02. Meanwhile, gold futures for December delivery experienced a decline, falling 1.63% to trade at $4,408.54 per troy ounce.
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