Stock Markets April 10, 2026 10:55 AM

Tel Aviv Benchmark Reaches Record as Insurance, Financials Drive Gains

TA 35 climbs 1.90% to a new all-time high as insurance stocks lead winners; select industrial and defense names lag

By Sofia Navarro ICL ESLT
Tel Aviv Benchmark Reaches Record as Insurance, Financials Drive Gains
ICL ESLT

Israel's equity market closed higher on Friday with the TA 35 index up 1.90%, marking a fresh record high. Outperformance in the Insurance, Financials and Banking sectors propelled the advance. Migdal Insurance, Clal Insurance and Menora Miv were among the top gainers, while ICL Israel Chemicals, Elbit Systems and Next Vision Stabilized Systems posted the largest declines. Market breadth favored advancing issues and commodity and currency markets showed mixed movement at the close.

Key Points

  • TA 35 rose 1.90% to reach a record closing high, led by gains in Insurance, Financials and Banking sectors.
  • Top winners included Migdal Insurance, Clal Insurance and Menora Miv; notable declines were recorded by ICL Israel Chemicals, Elbit Systems and Next Vision Stabilized Systems.
  • Commodity and currency markets showed mixed moves: Brent and WTI oil both rose modestly, gold fell, and USD/ILS and EUR/ILS weakened.

Israeli equities finished the trading day in positive territory on Friday, with gains concentrated in the Insurance, Financials and Banking sectors lifting the benchmark.

At the close in Tel Aviv, the TA 35 index rose 1.90% and registered a new all-time high.


Session leaders

The strongest performers on the TA 35 were Migdal Insurance (TASE:MGDL), Clal Insurance Enterprises Holdings Ltd (TASE:CLIS) and Menora Miv Hld (TASE:MMHD). Migdal Insurance advanced 7.39%, gaining 130.00 points to finish at 1,888.00. Clal Insurance Enterprises rose 7.02%, or 1,650.00 points, to close at 25,150.00. Menora Miv Hld added 5.91%, an increase of 2,870.00 points, to end the session at 51,460.00.

Largest decliners

On the downside, ICL Israel Chemicals Ltd (TASE:ICL) led losses, falling 4.38% or 73.00 points to settle at 1,595.00. Elbit Systems Ltd (TASE:ESLT) declined 3.44%, a drop of 9,900.00 points, to end at 278,300.00. Next Vision Stabilized Systems (TASE:NXSN) was down 3.34%, losing 1,060.00 points to finish at 30,710.00.

Market breadth and participation

On the Tel Aviv Stock Exchange, advancing issues outnumbered decliners by 323 to 152, while 76 stocks closed unchanged.

Commodities and currencies

In commodities trading, crude oil for May delivery rose 1.08% or $1.06 to $98.93 a barrel. Brent oil for June delivery inched up 0.14% or $0.13 to $96.05 a barrel. The June Gold Futures contract decreased 0.40%, a drop of $19.30, to trade at $4,798.70 a troy ounce.

On the currency front, USD/ILS moved lower by 0.57% to 3.03 and EUR/ILS slipped 0.31% to 3.56. The US Dollar Index Futures declined 0.12% to 98.47.

These closing levels reflect the trading activity across equities, commodities and foreign exchange at the end of the session in Tel Aviv.

Risks

  • Commodity price shifts - movements in crude oil and gold could affect energy-linked and commodity-sensitive firms' valuations and earnings.
  • Currency fluctuations - changes in USD/ILS and EUR/ILS exchange rates may influence exporters, importers and multinational balance sheets.
  • Concentration of gains - heavy participation from Insurance, Financials and Banking could increase the market's sensitivity to sector-specific news or earnings.

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