Israel Stocks Close Lower; TA 35 Down 1.76%

Mark Eisenberg
Photo: Finoracle.net

Israel Stocks Lower at Close of Trade; TA 35 Down 1.76%

Tel Aviv, ThursdayIsrael stocks ended lower after Thursday’s trading session, with the TA 35 index falling by 1.76%. This drop was influenced by losses in multiple sectors.

Top Performers

Among the best-performing stocks of the session were:

  • Energean Oil & Gas PLC: Climbed 4.12% to 5,106.00.
  • Teva Pharmaceutical Industries Ltd: Increased by 0.90% to 6,357.00.
  • Camtek Ltd: Slightly up by 0.09% to 43,980.00.

Worst Performers

The session's worst performers included:

  • Ashtrom Group Ltd: Dropped 4.46% to 4,330.00.
  • Israel Discount Bank Ltd: Fell by 4.01% to 1,867.00.
  • NICE Ltd: Decreased 3.71% to 59,990.00, reaching its 52-week low.

Market Summary

  • Falling stocks outnumbered advancing ones by 340 to 108 on the Tel Aviv Stock Exchange, with 91 stocks remaining unchanged.

Commodity Prices

  • Crude oil for August delivery was up 0.57% to $81.17 a barrel.
  • Brent oil for August delivery rose 0.66% to $85.63 a barrel.
  • The August Gold Futures contract saw an increase of 1.28% to $2,376.95 per troy ounce.

Currency Movements

  • USD/ILS rose 0.33% to 3.72.
  • EUR/ILS increased by 0.16% to 3.99.
  • The US Dollar Index Futures went up by 0.23% to 105.12.

In summary, the Israeli stock market experienced a decline as major stocks took a downturn, overshadowing gains in a few sectors. Commodity prices saw a rise, while the Israeli Shekel weakened against both the US Dollar and the Euro.

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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤