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Israel Stocks Soar Encouraged by Biomed, Banking and Financial Sector Gains
Israeli stocks experienced a considerable increase by the close of trading on a recent Sunday with significant gains being witnessed in the banking, biomed, and financial spheres. The TA 35, Tel Aviv's leading index, saw a 1.20% increase in its performance.
Top Performers & Losers on the TA 35
The day's most favorable performance on the TA 35 was demonstrated by the First International Bank of Israel Ltd (TASE:FIBI), with a rise of 3.51%, representing a 520.00 point gain. The closing trade was established at 15,350.00. Additionally, the shares of Mizrahi Tefahot (TASE:MZTF) went up by 3.38% or 430.00 points to conclude at 13,150.00. Electra Ltd (TASE:ELTR) also observed considerable gains, with shares trading up 3.13% or 4,670.00 points to touch 153,870.00 by the end of the session.
Unfortunately, not all stocks performed well, with Energean Oil & Gas PLC (TASE:ENOG) registering a decrease of 1.03% or 49.00 points at 4,711.00 at the close. Shares of NICE Ltd (TASE:NICE) also saw a drop, declining 0.90% or 790.00 points to end at 86,810.00 while Ormat Technologies (TASE:ORA) saw a decrease of 0.81% or lose 190.00 points, finishing at 23,190.00.
Stock Movement Overview & Commodity Updates
At the close, the Tel Aviv stock exchange recorded a tilt towards rising stocks, with 335 stocks gaining over 124 that ended lower and 77 ending unchanged. Meanwhile, May's crude oil delivery fell 0.32% or dropped 0.26 to stand at $80.58 per barrel. In other commodity news, Brent oil set for May delivery saw a decrease of 0.08% or 0.07 to reach a barrel price of $85.35, while the Gold Futures contract for April saw a drop of 0.37% or 8.10, trading at $2,159.40 a troy ounce.
Currency Movements
In the currency markets, USD/ILS saw an increase of 0.69% to settle at 3.68, with EUR/ILS witnessing a rise of 0.76% to 4.00. Furthermore, the futures for the US Dollar Index marked a slight growth, up by 0.07% and pegged at 103.06.
