Israel's stock market closed higher on Monday as gains in several cyclical sectors propelled the benchmark upward. At the close in Tel Aviv, the TA 35 index rose 3.06% to record a new all-time high.
Market breadth favored advances: rising issues on the Tel Aviv Stock Exchange outnumbered decliners by 333 to 145, with 73 shares unchanged.
Top performers
- Camtek Ltd (TASE:CAMT) led the TA 35 gainers, jumping 9.23% - an increase of 4,200.00 points - to finish at 49,690.00.
- Enlight Renewable Energy Ltd (TASE:ENLT) rose 7.76%, or 1,980.00 points, closing at 27,500.00. Enlight also reached an all-time high during the session.
- OPC Energy Ltd (TASE:OPCE) added 7.40%, up 890.00 points, to end the day at 12,920.00.
Largest decliners
- Delek Group (TASE:DLEKG) was the biggest laggard on the TA 35, falling 4.49% - a decline of 4,340.00 points - to close at 92,270.00.
- Navitas Petroleum LP Unit (TASE:NVPTp) declined 3.85%, down 520.00 points to 12,980.00.
- Elbit Systems Ltd (TASE:ESLT) eased 3.01%, or 6,850.00 points, to finish at 221,000.00.
Exchange-wide participation and the concentrated gains in insurance, real estate and financial groups contributed to the benchmark's advance and the record close.
Commodities and currencies
In commodities trading, crude oil for July delivery fell 5.41% (down 5.23) to $91.37 a barrel. Brent oil for August delivery dropped 5.02% (down 5.03) to $95.18 a barrel. In contrast, the August Gold Futures contract rose 0.96% (up 43.77) to trade at $4,600.17 a troy ounce.
On the currency front, USD/ILS declined 0.33% to 2.88, while EUR/ILS was effectively unchanged, moving 0.03% to 3.36. The US Dollar Index Futures was down 0.26% at 98.93 at the time reported.
Market context and takeaway
The session was characterized by concentrated strength among select TA 35 components and a wider set of winners across the exchange, as evidenced by the 333-to-145 ratio of advancers to decliners. Notable individual stock performances pushed headline indices higher, while energy commodities weakened over the same period and gold futures gained.
Investors tracking Israeli equities will likely note the cross-market moves: strong equity performance at the headline level alongside notable declines in crude and Brent oil and a softer dollar on futures markets.