Israel's main equity gauge closed in negative territory on Monday as the TA 35 slipped 0.34% to a fresh three-month low at the end of trading in Tel Aviv. The session was marked by sector-level weakness in Oil & Gas, Technology and Insurance, which contributed to the downward move in the index.
Top performers
- NICE Ltd (TASE:NICE) was the session leader on the TA 35, rising 5.62% - an increase of 1,460.00 points - to finish at 27,440.00.
- Azrieli Group Ltd (TASE:AZRG) gained 4.94% or 1,940.00 points, closing at 41,180.00.
- Big Shopping Centers Ltd (TASE:BIG) added 4.07%, up 2,650.00 points to 67,830.00 at the close.
Lagging stocks
- Tower Semiconductor Ltd (TASE:TSEM) recorded the largest decline among TA 35 names, falling 6.15% or 4,630.00 points to end at 70,600.00.
- Nova (TASE:NVMI) dropped 5.52%, down 8,480.00 points to 145,060.00.
- Ormat Technologies (TASE:ORA) was down 5.50%, a decrease of 1,950.00 points, to close at 33,500.00.
Market breadth in Tel Aviv showed more advancing issues than decliners, with 350 stocks rising, 121 falling and 86 finishing unchanged.
Commodities and currencies
Commodity prices moved notably during the session. Crude oil for August delivery rose 1.79% - up $1.24 - to $70.47 a barrel. Brent crude for September delivery climbed 1.46% or $1.06 to $73.66 a barrel. In precious metals, the August Gold Futures contract fell 1.34% - down $54.98 - to trade at $4,041.32 a troy ounce.
On the currency front, USD/ILS fell 0.47% to 2.99, while EUR/ILS was effectively unchanged, moving 0.06% to 3.41. The US Dollar Index Futures eased 0.21% to 100.91 during the session.
The mix of sector declines and selective individual stock strength left the headline index lower despite a larger number of advancing issues. The session's price action highlighted volatility across energy, technology and insurance-related names, alongside notable moves in oil and gold prices and modest shifts in exchange rates.