Tel Aviv stocks closed in negative territory on Friday as selling pressure in several key sectors pushed the benchmark down to its lowest level in a month. The TA 35 retreated 1.74% at the close in Tel Aviv.
Sector-level weakness was led by Technology, Communication and Insurance, which together pressured the index lower during the session. Breadth on the Tel Aviv Stock Exchange was skewed to the downside, with 292 stocks falling, 166 advancing and 99 finishing unchanged.
Top and bottom movers on the TA 35
- Best performers: Mizrahi Tefahot (TASE:MZTF) rose 0.97% or 190.00 points to close at 19,730.00. First International Bank of Israel Ltd (TASE:FIBI) gained 0.90% or 190.00 points to finish at 21,350.00. Israel Discount Bank Ltd (TASE:DSCT) added 0.86% or 25.00 points to end the session at 2,930.00.
- Worst performers: Tower Semiconductor Ltd (TASE:TSEM) declined 7.22% or 5,850.00 points to trade at 75,230.00 at the close. Camtek Ltd (TASE:CAMT) fell 4.80% or 2,400.00 points to finish at 47,600.00. Next Vision Stabilized Systems (TASE:NXSN) dropped 3.61% or 880.00 points to close at 23,500.00.
Outside equities, commodities and currency markets saw meaningful moves. Crude oil for August delivery fell 3.89% or $2.80 to $69.12 a barrel, while Brent oil for September delivery declined 3.83% or $2.89 to $72.61 a barrel. In contrast, the August Gold Futures contract increased 1.39% or $56.20 to trade at $4,103.80 a troy ounce.
On the foreign exchange front, USD/ILS rose 0.77% to 3.00 and EUR/ILS gained 1.10% to 3.42. The US Dollar Index Futures was down 0.16% at 101.04.
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