Stock Markets January 26, 2026 10:55 AM

Tel Aviv Benchmark Hits Record High as Banks, Energy and Tech Push Market Upward

TA 35 closes higher on Monday with several individual stocks reaching all-time highs amid mixed commodity and currency moves

By Ajmal Hussain
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NICE ENLT ESLT

Israel's equity benchmark, the TA 35, closed higher on Monday, reaching a fresh record as gains in Banking, Oil & Gas and Technology stocks lifted the market. Several individual names posted strong advances — including two that hit all-time highs — while other sizable components slipped. Commodity and currency movements were mixed, with crude and Brent oil lower, gold futures higher, and the US dollar weakening against the shekel.

Tel Aviv Benchmark Hits Record High as Banks, Energy and Tech Push Market Upward
NICE ENLT ESLT
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Key Points

  • The TA 35 closed up 0.48%, reaching a new all-time high, driven by gains in Banking, Oil & Gas and Technology sectors.
  • Top session winners included NICE Ltd (TASE:NICE) +3.95%, Enlight Renewable Energy (TASE:ENLT) +3.41% and OPC Energy (TASE:OPCE) +2.98%; ENLT and OPCE hit record highs.
  • Crude and Brent oil prices declined, gold futures rose, and the U.S. dollar weakened versus the Israeli shekel, highlighting mixed commodity and currency influences on markets.

Israel stocks ended the trading day higher on Monday, with the TA 35 closing up 0.48% to register a new all-time high. Strength in the Banking, Oil & Gas and Technology sectors provided upward momentum for the market at the close in Tel Aviv.

The session's top performers on the TA 35 were NICE Ltd (TASE:NICE), which advanced 3.95% — gaining 1,380.00 points to finish at 36,310.00. Enlight Renewable Energy Ltd (TASE:ENLT) rose 3.41%, or 590.00 points, to close at 17,890.00, and OPC Energy Ltd (TASE:OPCE) gained 2.98%, or 247.00 points, to end the day at 8,528.00.

Not all large-cap names participated in the rally. The largest decliners included Shapir Engineering Industry (TASE:SPEN), which fell 3.75% or 120.00 points to close at 3,080.00. Elbit Systems Ltd (TASE:ESLT) declined 2.19%, losing 5,000.00 points to finish at 222,800.00, while Clal Insurance Enterprises Holdings Ltd (TASE:CLIS) was down 1.94% or 440.00 points to 22,260.00.

Market breadth was fairly balanced by the close: 242 stocks rose, 232 fell, and 73 were unchanged on the Tel Aviv Stock Exchange.

Two names reached all-time highs during the session. Shares of Enlight Renewable Energy Ltd (TASE:ENLT) climbed to a record 17,890.00, and OPC Energy Ltd (TASE:OPCE) rose to a record 8,528.00.


Commodities and currency moves were mixed alongside the equity advance. Crude oil for March delivery declined 0.70% or $0.43 to trade at $60.64 a barrel. Brent oil for April delivery fell 0.51% or $0.33 to $64.74 a barrel. In precious metals, the April Gold Futures contract rose 2.18% or $109.49 to trade at $5,126.49 a troy ounce.

On the foreign exchange front, the U.S. dollar weakened versus the Israeli shekel, with USD/ILS down 0.67% to 3.12. EUR/ILS was essentially flat, changing by 0.11% to 3.71. The U.S. Dollar Index Futures declined 0.72% to 96.70.


The trading day illustrated divergence across individual stocks and sectors: while several large-cap technology and energy names pushed the benchmark to a new high, some industrial and defence-related components fell materially. The balance of advancing and declining issues suggests the market-wide advance was supported by pockets of strength rather than broad-based uniform gains.

Risks

  • Volatility in oil prices could affect the Oil & Gas sector and related equities, given the session saw declines in crude and Brent prices.
  • Currency moves, including a weaker USD/ILS, introduce uncertainty for firms with exposure to foreign currency flows and cross-border revenues.
  • Divergent stock performance within the index - with some large caps gaining while others fell - indicates potential concentration risk where gains are not uniformly distributed across sectors.

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