Israeli Stocks Rise, Boosted by Gains in Oil & Gas, Biomed and Financial Sectors

Israeli Stocks Close Higher

On Sunday, an upward trend was noted in the Israeli stock market as shares in the Oil & Gas, Biomed, and Financial sectors advanced. A new one-month high was achieved by the TA 35 index, which increased by 0.23% at the close in Tel Aviv.

Top Gainers and Losers on the TA 35

The session's standout performers on the TA 35 included the Delek Group (TASE:DLEKG), which climbed 3.27% or 1,560.00 points to close at 49,310.00. Shikun & Binui (TASE:SKBN) also recorded significant gains, ending the day 2.83% higher at 1,019.00, a rise of 28.00 points. Additionally, Phoenix Holdings Ltd (TASE:PHOE1) saw a rise of 1.47%, ending the trading day at 3,579.00 after gaining 52.00 points.

On the unfortunate side, Shapir Engineering Industry (TASE:SPEN) was among the session's worst performers, with a decline of 2.07% or 50.00 points, closing at 2,370.00. Meanwhile, shares of OPC Energy Ltd (TASE:OPCE) fell by 1.81% or 44.00 points to end at 2,381.00, and Energix (TASE:ENRG) closed at 1,160.00, down 1.61% or 19.00 points.

Commodity and Currency Markets

Despite the positive trend in stocks, crude oil for January delivery dropped by 2.50%, costing $75.17 a barrel. Brent oil for February delivery also experienced a dip of 1.46%, reaching $80.48 a barrel. In contrast, the December Gold Futures contract traded at $2,003.70 a troy ounce after rising by 0.55% or 10.90. On the currency front, the USD/ILS remained virtually unchanged, while the EUR/ILS increased by 0.29% to 4.09. The US Dollar Index Futures saw a downtrend, falling 0.52% to 103.29.