Israel equities finished the session in negative territory on Tuesday, with the TA-35 index ending the day down 0.96% in Tel Aviv. The market's downward move was driven primarily by weakness in banking, financials and insurance stocks.
The strongest performers within the TA-35 were led by Elbit Systems Ltd (TASE:ESLT), which jumped 9.50% - a rise of 21,000.00 points - to close at 242,000.00. Renewable energy developer Enlight Renewable Energy Ltd (TASE:ENLT) also posted a notable gain, adding 6.36% or 1,750.00 points to finish at 29,250.00. Clal Insurance Enterprises Holdings Ltd (TASE:CLIS) advanced 2.44%, increasing 690.00 points to end the day at 29,020.00.
On the downside, Phoenix Holdings Ltd (TASE:PHOE) was the session's weakest name, slipping 3.97% - down 790.00 points - to 19,100.00 at the close. Israel Discount Bank Ltd (TASE:DSCT) fell 3.81% or 125.00 points to finish at 3,160.00, while Mizrahi Tefahot (TASE:MZTF) declined 3.69%, a drop of 860.00 points to 22,450.00.
Market breadth favored losers: on the Tel Aviv Stock Exchange, 299 securities fell versus 182 that rose, and 70 issues finished unchanged.
Notably, Enlight Renewable Energy Ltd (TASE:ENLT) reached an all-time high during the session, closing at 29,250.00 after a 6.36% gain of 1,750.00 points.
Commodities showed mixed price action. Crude oil for July delivery declined 2.59% - down $2.50 - to trade at $94.10 a barrel. By contrast, Brent oil for August delivery climbed 4.04% or $3.77 to $97.19 a barrel. Precious metals eased modestly, with the August Gold Futures contract down 0.16% or $7.20 to $4,549.20 a troy ounce.
In currency moves, the USD/ILS rate fell 1.23% to 2.84, while the EUR/ILS pair dropped 1.39% to 3.30. The US Dollar Index Futures was quoted down 0.08% at 99.10.
Market context
The day’s activity shows a market where sectoral pressure in finance-related names outweighed gains in selected defense, renewable energy and insurance stocks. Breadth metrics underline that more stocks declined than advanced, with energy and currency dynamics adding nuance to the session’s overall decline.