Israel's TA 35 Hits New High, Up 0.21%

TA 35 Index Reaches Record Close

The Tel Aviv TA 35 index concluded Friday's trading session with a 0.21% gain, successfully reaching a new all-time high. This positive momentum was primarily fueled by strong performances in key market sectors, reflecting robust investor sentiment.

Sector Performance Overview

Gains were led by the Oil & Gas, Real Estate, and Insurance industries, which propelled the broader market upward. Overall market breadth was positive, with 260 stocks advancing compared to 186 decliners, while 101 stocks remained unchanged during the session.

Key Stock Movements

Among the top performers on the TA 35 were Azrieli Group Ltd (TASE: AZRG), which climbed 2.81%, and Newmed Energy LP (TASE: NWMDp), adding 2.28%. In contrast, ICL Israel Chemicals Ltd (TASE: ICL) was one of the session's notable decliners, falling 2.60%.

Market Outlook

The new record for the TA 35 index signals strong investor confidence. Future market direction will likely depend on the sustained performance of these leading sectors and broader economic indicators that may influence the Tel Aviv Stock Exchange.

FAQ

Q: Which Israeli index hit a new record?
A: The TA 35 index, the flagship index of the Tel Aviv Stock Exchange, reached a new all-time high.

Q: What were the main drivers for the market's growth?
A: The primary drivers were significant gains posted by stocks in the Oil & Gas, Real Estate, and Insurance sectors.

Source: Investing.com