Market Overview#
Israeli equities closed lower on Monday, primarily influenced by declines in the Oil & Gas, Financial, and Banking sectors. The TA 35 index, which tracks the performance of the largest companies on the Tel Aviv Stock Exchange, fell by 0.33% at the end of the trading day.
Top Performers#
Despite the overall market decline, some stocks managed to gain. NICE Ltd saw the most significant increase, rising by 5.50%, or 1,580 points, to close at 30,330.00. ICL Israel Chemicals Ltd followed closely with a gain of 5.06%, adding 79 points to finish at 1,639.00. Fattal 1998 Holdings Ltd also performed well, increasing by 3.52%, or 2,500 points, to end at 73,450.00.
Notable Declines#
On the other hand, several companies experienced notable losses. Camtek Ltd dropped by 4.42%, losing 2,680 points to trade at 57,900.00. Elbit Systems Ltd decreased by 2.67%, or 6,700 points, closing at 244,400.00. Israel Discount Bank Ltd also saw a decline of 2.50%, shedding 85 points to end at 3,320.00. Overall, declining stocks outnumbered those that rose, with 256 stocks falling compared to 218 that gained, while 77 remained unchanged.
Commodity and Currency Updates#
In commodities trading, crude oil prices saw an increase, with June delivery rising by 2.36% to $96.63 per barrel, and Brent oil for July delivery up by 2.59% to $101.70 per barrel. In contrast, June Gold Futures fell by 0.99% to $4,693.95 per troy ounce.
In the currency market, the US Dollar weakened against the Israeli Shekel, down 0.33% to 2.98, while the Euro also fell by 0.17% to 3.49. The US Dollar Index Futures decreased by 0.20%, settling at 98.17.