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Israeli Market Witnessed a Decline on Sunday Trading
On Sunday, a notable drop was observed in the Israeli stock market, with shares related to Biomed, Oil & Gas, and Real Estate sectors reporting significant losses. This has resulted in a 0.45% drop in Israel's principal stock index, the TA 35, at the close of the day.
Individual Stocks Witnessed Both Gains and Losses
Despite the general decline, some stocks made considerable gains during the trading session. Camtek Ltd (TASE:CAMT) stood at 25,040.00, making the highest gain of 2.62% or a jump of 640.00 points. Teva Pharmaceutical Industries Ltd (TASE:TEVA) also exhibited a notable rise of 2.55%, adding 104.00 points and standing at 4,189.00 at end of day. In addition, NICE Ltd (TASE:NICE) closed the day at 72,000.00, recording an increase of 1.45% or 1,030.00 points.
Nevertheless, there were stocks that witnessed a drop. Energix (TASE:ENRG) faced a decline of 2.89%, shedding 39.00 points to end at 1,311.00. Similarly, Amot Investments Ltd (TASE:AMOT) reported a drop of 2.09%, losing 42.00 points to end at 1,971.00. Energean Oil & Gas PLC (TASE:ENOG) also experienced a fall of 1.93%, losing 93.00 points, with the final value standing at 4,714.00.
Summary of Stock Performance and Future Expectations
Within the trading session at the Tel Aviv Stock Exchange, the falling stocks outnumbered the advancing ones by 263 to 192, while 82 retained their previous standing. The 52-week high was attained by Teva Pharmaceutical Industries Ltd (TASE:TEVA) with a rise of 2.55% landing at 4,189.00.
The market also saw a rise in the Crude oil February contract by 2.44% settling at $73.95 per barrel, Brent oil for March delivery rose 1.69% to $78.90 per barrel. Gold Futures for February also increased by 0.13%, sitting at $2,052.60 per Troy ounce.
In the currency market, USD/ILS grew by 0.88% to 3.68, while EUR/ILS increased 0.86% landing at 4.03. Even the US Dollar Index Futures recorded a minor rise of 0.01% standing at 102.14.
