TA 35 Hits Record High, Led by Financial & Energy Stocks

TA 35 Index Achieves Record High with 1.74% Gain

The Tel Aviv stock market closed on a high note, with the benchmark TA 35 index climbing 1.74% to reach a new all-time high. This surge reflects broad investor confidence across key sectors of the Israeli economy.

Market Overview and Sector Performance

The rally was primarily led by significant gains in the Insurance, Financials, and Oil & Gas sectors. Market breadth was positive, with 326 stocks advancing compared to 151 declining stocks, indicating widespread positive sentiment. Top performers on the TA 35 included Menora Miv Hld, which rose by 7.29%, and OPC Energy Ltd, which added 5.89%. In contrast, Tower Semiconductor Ltd was among the session's laggards, falling 2.76%.

Summary and Outlook

The strong performance, particularly in financial and energy stocks, propelled the TA 35 to its historic peak. This momentum suggests a robust market environment as investors continue to monitor these leading sectors for future growth signals.

FAQ

Q: Which Israeli stock index hit a new record?
A: The TA 35 index gained 1.74% to close at a new all-time high.

Q: What sectors drove the market growth?
A: The primary drivers were the Insurance, Financials, and Oil & Gas sectors.

Source: Investing.com