Tue: Tower leads TASE gains
The Tel Aviv Stock Exchange saw gains across major indices, led by a strong performance from Tower Semiconductor. However, Mega Or Holdings fell significantly following a regulatory decision to halt permits for new data centers.
Why it matters
Market fluctuations in Israel reflect both sector-specific regulatory impacts and broader investor sentiment in the regional tech and banking sectors.
The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 1.39% to 4,193.36 points, the Tel Aviv 125 Index rose 1.17% to 4,129.39 points; and the BlueTech Global Index rose 1% to 679.98 points. The TelBond 60 corporate bond index rose 0.05% to 428.25 points. Turnover totaled NIS 4.20 billion in equities and NIS 7.63 billion in bonds.
On the foreign exchange market, the representative shekel-dollar rate was set 0.033% higher from Friday, at NIS 3.049/$, and the representative shekel-euro rate was set 0.098% lower, at NIS 3.482/ .
On the market, the Insurance Index rose 1.6% the Defense Index rose 3.1% and the Oil & Gas Index rose 1.4%.
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