Market Overview#
On Thursday, the Israeli stock market closed lower, with the TA 35 index dropping by 1.56%. This decline was largely driven by losses in key sectors such as Banking, Real Estate, and Financials.
Notable Gainers#
Despite the overall downturn, some stocks managed to perform well. ICL Israel Chemicals Ltd saw a significant increase of 6.88%, gaining 110 points to close at 1,710. Delek Group also had a positive day, rising by 3.83% or 4,040 points, finishing at 109,540. Tower Semiconductor Ltd added 3.11%, closing at 37,790 after gaining 1,140 points.
Major Losers#
On the flip side, several companies faced notable declines. Camtek Ltd experienced a drop of 4.51%, losing 2,270 points to trade at 48,030. Israel Discount Bank Ltd fell by 4.12%, down 148 points to close at 3,442, while Amot Investments Ltd shed 3.72%, ending at 2,072 after losing 80 points. Overall, declining stocks outnumbered those that rose by a significant margin of 358 to 114, with 77 stocks remaining unchanged on the Tel Aviv Stock Exchange.
Commodity and Currency Updates#
In commodities, crude oil prices saw a rise, with April delivery up 8.79% to $94.92 per barrel. Brent oil for May delivery increased by 7.98% to $99.32. However, gold futures for April fell by 0.79%, trading at $5,138.39 per troy ounce.
In currency markets, the US dollar strengthened against the Israeli shekel, rising by 0.53% to 3.13, while the euro also increased by 0.15% to 3.61. The US Dollar Index Futures rose by 0.42% to 99.64.