Israel's stock market ended the trading session higher on Tuesday, led by advances in Insurance, Real Estate and Oil & Gas shares. The benchmark TA 35 rose 0.48% at the close, marking a fresh all-time high for the index.
Among the strongest performers on the TA 35, Migdal Insurance (TASE:MGDL) climbed 6.55%, gaining 126.00 points to finish at 2,051.00. Amot Investments Ltd (TASE:AMOT) added 6.39%, also up 126.00 points, to close at 2,099.00. Camtek Ltd (TASE:CAMT) advanced 4.47%, an increase of 2,450.00 points, to end the day at 57,280.00.
At the other end of the index, NICE Ltd (TASE:NICE) fell 3.30%, losing 1,230.00 points to trade at 36,020.00 at the close. Israel Discount Bank Ltd (TASE:DSCT) declined 2.32%, down 77.00 points to 3,245.00, while Enlight Renewable Energy Ltd (TASE:ENLT) slipped 2.11%, a decrease of 560.00 points to 26,020.00.
By count, advancing issues outnumbered decliners on the Tel Aviv Stock Exchange, with 268 rising, 222 falling and 61 shares unchanged.
Shares of Migdal Insurance reached an all-time peak as part of the session's strongest movers, finishing up 6.55% at 2,051.00.
Commodities trading showed notable moves: crude oil for June delivery was down 4.27% or 4.54 to $101.88 a barrel, while Brent oil for July delivery fell 2.96% or 3.39 to $111.05 a barrel. The June Gold Futures contract rose 1.24% or 56.21 to trade at $4,589.51 a troy ounce.
Currency markets saw the Israeli shekel strengthen versus major currencies. USD/ILS moved down 0.64% to 2.94, and EUR/ILS fell 0.53% to 3.44. The US Dollar Index Futures was slightly higher, up 0.01% at 98.28.
Market context
The session's breadth was positive overall, with key movers concentrated in sectors that influenced the TA 35's record close. Insurance and real estate stocks posted some of the largest percentage gains on the index, while select technology and renewable energy names weighed on the downside.
What to watch next
- Performance in Insurance and Real Estate stocks, which helped push the TA 35 to a new high.
- Energy market dynamics after declines in crude and Brent prices during the session.
- Movements in the shekel against the dollar and euro, reflecting currency strength shown in USD/ILS and EUR/ILS moves.