Israel's equity market finished lower on Monday, with the TA-35 index falling 1.89% to register a fresh one-month low at the close in Tel Aviv. Sector weakness in Banking, Insurance and Financials was the primary driver of the decline, with a broad majority of listings ending the session in negative territory.
Among constituents, industrial and energy-linked names were among the session's stronger performers. ICL Israel Chemicals Ltd (TASE:ICL) led gains on the benchmark, rising 3.07% or 49.00 points to close at 1,643.00. Ormat Technologies (TASE:ORA) advanced 2.65% or 910.00 points to finish at 35,280.00, and Fattal 1998 Holdings Ltd (TASE:FTAL) increased 2.62% or 1,460.00 points to end the day at 57,160.00.
On the downside, the session was dominated by financial firms and insurers. Migdal Insurance (TASE:MGDL) registered the heaviest drop among TA-35 members, sliding 5.08% or 88.00 points to close at 1,644.00. First International Bank of Israel Ltd (TASE:FIBI) fell 4.70% or 1,170.00 points to 23,730.00, while Bank Hapoalim (TASE:POLI) lost 4.53% or 336.00 points to finish at 7,078.00.
Across the Tel Aviv Stock Exchange, declining issues outnumbered advancing ones by 363 to 113, with 76 stocks finishing unchanged. That imbalance underscores the breadth of selling pressure that contributed to the benchmark's retreat.
Commodities trading reflected upward pressure in energy markets. Crude oil for May delivery rose 2.33% or 2.32 to $101.96 a barrel, while Brent oil for June delivery gained 2.19% or 2.31 to $107.63 a barrel. Precious metals also moved higher, with the June Gold Futures contract up 0.96% or 43.32 to trade at $4,567.62 a troy ounce.
Currency markets showed the US dollar strengthening against the shekel and the euro. USD/ILS increased 0.58% to 3.17 and EUR/ILS climbed 0.23% to 3.63. The US Dollar Index Futures was up 0.29% at 100.27 at the close.
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