Market Overview#
On Tuesday, Israeli equities closed lower, with the TA 35 index dropping by 1.17%. This decline was primarily influenced by losses in the Insurance, Technology, and Communication sectors.
Notable Performers#
Despite the overall downturn, some stocks managed to gain. ICL Israel Chemicals Ltd saw a rise of 1.91%, adding 30 points to close at 1,599.00. Ormat Technologies increased by 1.70%, ending at 34,170.00, while Tower Semiconductor Ltd climbed 1.67% to finish at 56,700.00.
Biggest Declines#
On the other hand, several companies experienced significant losses. NICE Ltd dropped 6.48%, losing 2,400 points to trade at 34,640.00. Next Vision Stabilized Systems fell by 5.70%, ending at 34,220.00, and Bezeq Israeli Telecommunication Corp Ltd decreased by 3.83%, closing at 784.00.
Market Statistics#
Overall, the Tel Aviv Stock Exchange saw 323 declining stocks compared to 142 that rose, with 86 remaining unchanged. In commodities, crude oil prices rose, with May delivery up 4.45% to $92.05 a barrel, and Brent oil for June delivery increasing by 3.61% to $99.38 a barrel. Gold futures also saw a slight increase of 0.24%, trading at $4,450.16 a troy ounce. In currency markets, the US dollar strengthened against the Israeli shekel, rising by 0.39% to 3.12.