Wed: TASE maintains momentum, Elbit Systems stands out
The Tel Aviv Stock Exchange saw gains across major indices, led by a strong performance from Elbit Systems. The market momentum persisted despite concerns regarding US inflation data.
Why it matters
Market performance in Israel provides insight into regional economic stability and the impact of global inflation trends on local defense and tech sectors.
The main indices on the Tel Aviv Stock Exchange today. The Tel Aviv 35 Index rose 0.79%, to 4,162.77 points, and the Tel Aviv 125 Index rose 0.64%, to 4025.15 points. The BlueTech Global Index fell 0.08%, to 602.96 points. The TelBond 60 corporate bond index rose 0.01%, to 426.88 points. Turnover totaled NIS 4.88 billion in equities and NIS 4.82 billion in bonds.
The rises in Tel Aviv were stronger before the release of a higher than expected inflation reading in the US.
In sector indices, the Tel Aviv Defense Index rose 2.49%, while the Tel Aviv Biomed Index fell 1.19%
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in