Stock Markets August 11, 2026 10:55 AM

Tel Aviv session ends modestly higher as banking, oil & gas and financials lead gains

TA-35 edges up 0.06% as mixed individual stock moves shape market breadth

By Jordan Park
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ORA CAMT ESLT

Israel's main equity gauge closed marginally higher on Tuesday as gains in banking, oil & gas and financial shares offset steep declines in several large names. The TA-35 finished up 0.06% while market breadth showed more decliners than advancers. Commodity and FX markets registered small moves during the session.

Tel Aviv session ends modestly higher as banking, oil & gas and financials lead gains
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Key Points

  • TA 35 closed up 0.06% with gains led by Banking, Oil & Gas and Financials sectors.
  • Top performers: Ormat Technologies (+4.63%), Delek Group (+4.24%), Camtek (+3.90%). Top decliners: Elbit Systems (-9.41%), Harel (-3.04%), Tower Semiconductor (-2.56%).
  • Market breadth showed more decliners than advancers - 320 falling issues versus 149 advancing, with 90 unchanged; commodities and FX moved modestly.

Israel equities finished Tuesday's session with a modest gain as advances in the Banking, Oil & Gas and Financials sectors pushed the benchmark higher.

At the close in Tel Aviv, the TA 35 rose 0.06%.


Top performers on the TA 35

The standout winners included Ormat Technologies (TASE:ORA), which gained 4.63% - an increase of 1,510.00 points - to finish at 34,150.00. Delek Group (TASE:DLEKG) added 4.24%, or 327.00 points, closing at 8,035.00. Camtek Ltd (TASE:CAMT) also advanced, up 3.90% or 1,800.00 points to end the session at 48,000.00.


Largest decliners

Not all large-cap names moved higher. Elbit Systems Ltd (TASE:ESLT) posted the steepest drop on the TA 35, falling 9.41% - a decrease of 24,300.00 points - to trade at 234,000.00 at the close. Harel (TASE:HARL) slipped 3.04%, down 520.00 points to 16,610.00, while Tower Semiconductor Ltd (TASE:TSEM) fell 2.56% or 2,020.00 points to finish at 76,990.00.


Market breadth and volume snapshot

Declining issues outnumbered advancing ones on the Tel Aviv Stock Exchange by 320 to 149, with 90 stocks finishing unchanged. The session therefore reflected a narrow upside in the headline index alongside broader weakness across more individual names.


Commodities and FX

In commodities trading, crude oil for September delivery rose 0.39% or 0.32 to $82.45 a barrel. Brent oil for October delivery increased 0.50% or 0.44 to $88.16 a barrel. The December Gold Futures contract gained 0.79% or 35.00 to trade at $4,454.70 a troy ounce.

On the currency front, USD/ILS declined 0.24% to 3.00, while EUR/ILS fell 0.23% to 3.46. The US Dollar Index Futures was down 0.01% at 99.69.


What the close shows

Tuesday's session closed with the TA 35 slightly higher, driven by gains in several sectors even as a number of large-cap stocks recorded notable losses. The data points for commodities and FX were mixed but showed only modest intraday movement.


Summary

Israel's TA 35 rose 0.06% at Tuesday's close. Leading winners were Ormat Technologies, Delek Group and Camtek, while Elbit Systems, Harel and Tower Semiconductor registered the largest declines. Market breadth favored decliners by a margin of 320 to 149, with 90 unchanged. Crude and Brent oil prices rose fractionally and gold futures gained, while the shekel strengthened modestly against the dollar and euro.

Risks

  • Concentrated declines in specific large-cap stocks - notably Elbit Systems, Harel and Tower Semiconductor - introduce downside risk for their respective sectors (defense, insurance, semiconductors).
  • Market breadth was negative despite the small rise in the headline index, indicating potential volatility and uneven participation across sectors.

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