Israel stocks higher at close; TA 35 up 0.17%

Mark Eisenberg
Photo: Finoracle.me

Israel Stock Market Closes Higher on Sunday

The Israel stock market closed higher on Sunday, buoyed by gains in the technology and financial sectors. The TA 35 index rose by 0.17% at the end of the trading day in Tel Aviv.

Nova Leads the Session with Impressive Gains

Nova, listed on the Tel Aviv Stock Exchange, was the best performer of the session, with its stocks increasing by 5.62% or 2,910.00 points, reaching a closing price of 54,680.00. Investors responded positively to the company’s recent developments, driving the stock to achieve all-time highs.

Other Top Performers Include Camtek Ltd and Phoenix Holdings

Camtek Ltd and Phoenix Holdings also experienced positive gains during the trading session. Camtek Ltd saw a rise of 3.08% or 880.00 points, closing at 29,470.00, while Phoenix Holdings’ stocks increased by 2.95% or 110.00 points, ending at 3,840.00.

Electra Ltd and Melisron End the Session as Worst Performers

Electra Ltd and Melisron were among the worst performers of the session. Electra Ltd saw a decline of 2.13% or 3,090.00 points, closing at 141,780.00, while Melisron experienced a decrease of 1.85% or 510.00 points, ending at 27,070.00.

Stock Market Indicators

Out of 535 stocks listed on the Tel Aviv Stock Exchange, 290 declined, 165 advanced, and 81 remained unchanged at the end of the trading session. Overall, falling stocks outnumbered gaining ones during Sunday’s session.

Commodities Trading

In commodities trading, crude oil for March delivery experienced a decline of 0.70% or 0.52, with a barrel of oil priced at $73.43. Brent oil for delivery in March also experienced a slight decline of 0.63% or 0.50, with a barrel priced at $78.60. On the other hand, the February Gold Futures contract rose by 0.50% or 10.20, with a troy ounce of gold trading at $2,031.80.

Currency Exchange Rates

The exchange rates for the Israeli Shekel remained relatively steady. The USD/ILS pair declined by 0.30%, with the US dollar valued at 3.74 Shekels. The EUR/ILS pair remained unchanged, with the Euro valued at 4.08 Shekels. Meanwhile, the US Dollar Index Futures saw a decline of 0.27%, reaching a value of 103.03.

Analyst comment

Positive news. The Israel stock market closed higher, driven by gains in the technology and financial sectors. Nova, Camtek Ltd, and Phoenix Holdings were top performers, while Electra Ltd and Melisron were worst performers. Falling stocks outnumbered gaining ones. Crude oil and Brent oil experienced slight declines, while gold futures rose. The exchange rates for the Israeli Shekel remained relatively steady. Analysts predict continued stability and cautious trading in the market.

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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.​⬤