Market Overview#
Israel's stock market experienced a positive close on Monday, with the TA 35 index rising by 0.10%. This increase was primarily fueled by strong performances in the Insurance, Financials, and Banking sectors.
Notable Performers#
Among the top gainers on the TA 35 index were Tower Semiconductor Ltd, which saw a significant increase of 5.75%, closing at 55,770.00 points. Menora Miv Hld followed with a rise of 4.19%, ending at 49,230.00 points. Harel also performed well, gaining 3.90% to close at 17,860.00 points.
Decliners in the Market#
On the flip side, some stocks faced declines. Delek Group was the biggest loser, dropping 8.47% to 109,290.00 points. OPC Energy Ltd also fell by 6.04%, closing at 11,660.00 points, while Navitas Petroleum LP Unit decreased by 3.01% to 13,840.00 points. Overall, declining stocks outnumbered those that rose, with 327 declines compared to 144 gains, and 80 stocks remaining unchanged on the Tel Aviv Stock Exchange.
Commodity and Currency Movements#
In commodities, crude oil prices saw a notable decline, with May delivery down 7.98% to $90.39 per barrel. Brent oil for June delivery fell by 7.72% to $98.19 per barrel. Gold futures for June also decreased by 4.39%, trading at $4,407.29 per troy ounce. In currency markets, the US dollar weakened against the Israeli shekel, with the exchange rate falling by 0.49% to 3.12, while the euro also dipped by 0.37% to 3.61.