Market Overview#
Israel's stock market saw positive movement on Thursday, with the TA 35 index increasing by 0.23% at the close of trading in Tel Aviv. This rise was largely fueled by strong performances in the Oil & Gas, Technology, and Banking sectors.
Top Performers#
Among the standout performers on the TA 35 index, Tower Semiconductor Ltd experienced a significant jump, rising 11.54%, which translates to an increase of 5,060 points, bringing its share price to 48,900. Shapir Engineering Industry also had a notable gain, climbing 10.24% or 339 points to close at 3,650. Additionally, Navitas Petroleum LP Unit saw an increase of 6.74%, up 910 points, ending the day at 14,410.
Notable Declines#
On the flip side, some companies faced declines. Azrieli Group Ltd was the biggest loser, dropping 6.64% or 3,160 points to trade at 44,440. Migdal Insurance saw a decrease of 2.47%, down 43 points to finish at 1,695, while Mivne Real Estate KD Ltd fell by 2.29%, losing 33 points to close at 1,405.
Market Statistics#
Overall, the number of declining stocks outnumbered those that rose, with 281 stocks declining compared to 189 that gained, while 81 stocks remained unchanged on the Tel Aviv Stock Exchange. In commodities, crude oil prices rose, with May delivery up 2.79% to $98.12 per barrel, and Brent oil increasing by 2.74% to $110.32. Meanwhile, gold futures for April fell by 6.13% to $4,596.09 per troy ounce. In currency markets, the US dollar gained slightly against the Israeli shekel, rising by 0.19% to 3.13.