Israel’s stock market closed higher on Sunday, with the TA 35 index surging 0.95% to reach a new all-time high. Gains in the insurance, real estate, and technology sectors propelled the market, reflecting investor confidence amid a broader global economic slowdown.
Top Performers Lead the Surge
Phoenix Holdings Ltd. emerged as the best performer of the session, jumping 4.31% to hit 5,060.00 points, its highest level in five years. The company’s performance was bolstered by strong quarterly earnings and robust demand in the insurance sector.
Airport City Ltd. also posted impressive gains, climbing 4.03% to 6,141.00 points, while Nova soared 4.01% to 70,090.00 points in late trading, reflecting the resilience of Israel’s technology sector.
In contrast, Camtek Ltd. and Tower Semiconductor Ltd. were among the worst performers, shedding 2.39% and 2.20%, respectively. Teva Pharmaceutical Industries Ltd. also declined, losing 1.93% to close at 6,247.00 points, reflecting challenges in the pharmaceutical industry.
Commodities and Currency Markets
While Israeli stocks gained, commodities saw mixed results. Crude oil prices fell, with January delivery down 1.61% to $67.20 a barrel. Brent oil for February delivery also dropped 1.35% to $71.12 a barrel. Gold futures, however, climbed 0.42% to $2,659.60 per troy ounce, reflecting investor caution amid global market volatility.
Currency markets painted a similar picture. The Israeli shekel strengthened against the U.S. dollar and euro, with USD/ILS down 0.56% to 3.57 and EUR/ILS falling 0.53% to 3.78. The U.S. Dollar Index rose 0.32% to 105.73, indicating continued dollar strength against a basket of major currencies.


Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets
Gold Prices Pull Back After Record Highs as January Rally Remains Strong
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
China Home Prices Rise in January as Government Signals Stronger Support for Property Market
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 



