Israel's TA 35 Index Reaches New All-Time High

TA 35 Index Achieves Record Close

The Tel Aviv 35 index, a key benchmark for the Israeli stock market, closed up 0.34% on Friday, reaching a new all-time high. The gains were primarily led by strong performances in the Insurance, Technology, and Communication sectors, signaling broad-based positive sentiment among investors.

Market Performance Overview

Leading the rally on the TA 35 were Shapir Engineering Industry (TASE: SPEN), which rose by 3.56%, and Clal Insurance Enterprises Holdings Ltd (TASE: CLIS), adding 3.18%. In contrast, NICE Ltd (TASE: NICE) was the session's biggest decliner, falling 3.24%. Overall market breadth was positive, with 291 stocks advancing compared to 160 decliners on the Tel Aviv Stock Exchange.

Broader Market Context

In related markets, commodity prices showed strength, with Crude and Brent oil futures rising over 2.4%. The Gold Futures contract also posted gains. In foreign exchange, the USD/ILS and EUR/ILS pairs remained largely stable, indicating minimal currency market volatility impacting the session.

Summary

The Israeli stock market concluded the week on a high note, with the TA 35 index setting a new record. The rally was supported by specific sector strength and reflects a bullish outlook, even as global commodity markets also trended upward. Investors will be watching to see if this momentum continues.

FAQ

Q: Which Israeli stock index reached a new all-time high?
A: The TA 35 index closed at a new record high after gaining 0.34%.

Q: What were the top-performing sectors?
A: The gains were led by the Insurance, Technology, and Communication sectors.

Source: Investing.com