Israeli Stocks Reach Record High as TA 35 Reaches New Peak<\/p>\n
Israel\u2019s stock market was up at the close on Sunday, thanks to strong performances by communications, technology, and biotechnology stocks. The leading TA 35 index increased 0.45% to reach a fresh all-time high, reflecting solid investor confidence.<\/p>\n
The main gainers of the day included Tower Semiconductor Ltd (TASE:TSEM), which leaped 2.67% or 720 points to stand at 27,650, its peak over the last five years; Energean Oil & Gas PLC (TASE:ENOG) 1.80% to 4,194; and Newmed Energy LP (TASE:NWMDp) 1.61% at 1,700.<\/p>\n
On the downside, Israel Corp (TASE:ILCO) slid 1.03% to 114,500, and was the session\u2019s biggest loser. First International Bank of Israel Ltd (TASE:FIBI) tumbled 0.89% to 23,290, while Menora Mivtachim Holdings (TASE:MMHD) fell 0.89% to 32,310.<\/p>\n
Overall, market sentiment remained positive. Market breadth was strong as 289 stocks moved up, 179 ended lower, and 76 were unchanged on the Tel Aviv Stock Exchange.<\/p>\n
On the commodities market, crude oil for December delivery was up 0.68% at $60.98 per barrel, while Brent oil for January delivery also gained 0.62% at $64.77. Meanwhile, gold futures for December were 0.49% lower at $4,013.30 per troy ounce.<\/p>\n
The US dollar was up marginally against the Israeli shekel, with USD\/ILS rising 0.12% at 3.26, while EUR\/ILS was down 0.14% at 3.76. The US Dollar Index Futures were up, rising 0.28% at 99.63.<\/p>\n
The session once again underlined investors\u2019 optimism in the technology and energy industries of Israel, helping push the market to record levels despite minor losses in selected blue-chip stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Israeli Stocks Reach Record High as TA 35 Reaches New Peak Israel\u2019s stock market was up at the close on\u2026<\/p>\n","protected":false},"author":294,"featured_media":94761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[501,33956],"class_list":["post-94760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-israel","tag-israeli-stocks"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/94760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=94760"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/94760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/94761"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=94760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=94760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=94760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}