Tel Aviv equities ended the trading session higher on Tuesday, led by strength in the Banking, Financials and Insurance sectors, with the benchmark TA-35 finishing up 1.90%.
Among individual contributors to the rally, Shufersal (TASE:SAE) posted the largest gain on the TA-35, climbing 14.83% - a move equal to 593.00 points - to close at 4,593.00. Phoenix Holdings Ltd (TASE:PHOE) advanced 6.00%, or 940.00 points, to finish at 16,600.00. Semiconductor names also participated in the upside, with Tower Semiconductor Ltd (TASE:TSEM) rising 4.46% - 2,300.00 points - to end the session at 53,870.00.
Not all stocks moved higher. The weakest performers included Camtek Ltd (TASE:CAMT), which fell 3.01% - 1,440.00 points - to close at 46,340.00. ICL Israel Chemicals Ltd (TASE:ICL) slipped 1.46%, losing 24.00 points to end at 1,619.00, while Delek Group (TASE:DLEKG) declined 1.40% - 1,500.00 points - to 105,920.00 at the close.
Market breadth on the Tel Aviv Stock Exchange favored rising issues, with 311 stocks advancing against 158 decliners, and 82 securities unchanged at the close.
Commodities and currency movements
Commodities trading showed further strength in crude and precious metals. Crude oil for May delivery rose 1.34%, a gain of 1.38, to settle at $104.26 a barrel. Brent crude for June delivery increased 0.55%, or 0.59, reaching $107.98 a barrel. June Gold Futures advanced 1.69%, adding 77.05 to trade at $4,634.55 a troy ounce.
On the currency front, the Israeli shekel was little changed versus the dollar, with USD/ILS essentially flat at a 0.07% move to 3.16. The euro strengthened slightly against the shekel, with EUR/ILS up 0.31% to 3.65. Meanwhile, the US Dollar Index Futures eased 0.36% to 100.00.
Outlook note
Tuesday's session showed broad participation in gains led by financial and insurance names, while commodity prices and currency movements recorded modest shifts that may continue to influence market sentiment in the near term.