Stock Markets February 2, 2026 10:55 AM

Tel Aviv Stocks Close Higher; TA 35 Climbs to New Peak

Insurance, financials and real estate names lead gains as Teva rallies to five-year highs

By Jordan Park TEVA HARL NVMI CAMT

Tel Aviv equities closed higher on Monday, with the TA 35 rising 1.14% to a fresh record. Gains in insurance, financials and real estate helped lift the benchmark, while commodity prices fell and the U.S. dollar strengthened against the shekel and euro pairs reported hereafter. Market breadth was mixed, with slightly more decliners than advancers.

Tel Aviv Stocks Close Higher; TA 35 Climbs to New Peak
TEVA HARL NVMI CAMT

Key Points

  • The TA 35 rose 1.14% to close at a new all time high.
  • Teva Pharmaceutical, Harel and Migdal were among the top gainers; Nova, Camtek and Navitas were the largest decliners.
  • Commodities fell across the board: Brent and WTI crude declined sharply and gold futures moved lower; the U.S. dollar strengthened versus the shekel and euro.

Israel's stock market registered gains at Monday's close, as the most widely followed index reached a new record. The TA 35 advanced 1.14% to close at an all time high, reflecting broad buying across a handful of sectors.

Among the largest movers, Teva Pharmaceutical Industries Ltd (TASE:TEVA) led the session's gainers, climbing 6.93% or 700.00 points to finish at 10,800.00. Harel (TASE:HARL) also posted a strong gain, rising 6.03% or 860.00 points to end at 15,130.00, while Migdal Insurance (TASE:MGDL) added 4.43% or 74.00 points to close at 1,744.00.

On the downside, Nova (TASE:NVMI) had the steepest decline, falling 7.60% or 11,700.00 points to settle at 142,300.00. Camtek Ltd (TASE:CAMT) slipped 5.21% or 2,490.00 points to finish at 45,330.00 and Navitas Petroleum LP Unit (TASE:NVPTp) declined 2.08% or 250.00 points to 11,790.00 at the close.

Market breadth on the Tel Aviv Stock Exchange skewed slightly toward declines: 247 issues fell, 229 gained and 72 were unchanged.

Notable milestone moves included Teva shares rising to five-year highs, while Harel's shares reached all time highs by the close.


Commodities traded lower during the session. Crude oil for March delivery dropped 5.05% or 3.29 to trade at $61.92 a barrel. Brent crude for April delivery fell 4.79% or 3.32 to $66.00 a barrel. April Gold Futures decreased 1.69% or 80.20 to trade at $4,664.90 a troy ounce.

In currency markets, the shekel strengthened modestly versus major currencies: USD/ILS was down 0.24% to 3.10, while EUR/ILS fell 0.69% to 3.66. The U.S. Dollar Index Futures rose 0.66% to 97.50.

This session's price action left the TA 35 at a new record closing level, with several individual stocks posting significant single-session moves in both directions.

Risks

  • Market breadth was mixed with more decliners than advancers, indicating uneven sector participation - impacts equity markets broadly.
  • Significant single-stock moves in both directions underscore volatility risk for investors concentrated in individual names - impacts portfolios with concentrated holdings.
  • Sharp declines in oil and gold prices could affect energy and commodity-linked sectors and related securities listed on the exchange.

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