Israel Stocks Fall, Led by Energean and Harel: Market Summary

Summary

  • On Sunday, Israel’s stock market closed lower due to losses in various sectors.
  • The benchmark index in Tel Aviv saw a dip of 0.17%.
  • Top performers included Camtek Ltd and Ormat Technologies.
  • On the flip side, Energean Oil & Gas PLC and Shikun & Binui were among the worst performers.
  • Crude oil and Brent oil prices dipped, while February Gold Futures saw a rise.

Market Performance

The Israel stock market experienced a downturn after the trading ended on Sunday, with declines in several sectors causing a decrease in shares.

The close of trading in Tel Aviv saw a 0.17% drop in the index.

Top Performing Stocks

Standout performers during the session included companies such as
Camtek Ltd (TASE:) and Nova (TASE:), which showed increases of 6.70% and 1.80% respectively. Similarly,
Ormat Technologies (TASE:) saw a late trade surge of 1.18%.

Underperforming Stocks

On the other hand, the trading session saw a few underperformers. Energean Oil & Gas PLC (TASE:) experienced a 3.29% decline. Other stocks such as Harel (TASE:) and
Shikun & Binui (TASE:) also decreased, going down by 2.56% and 2.22% respectively.

Overall Market Statistics

The number of stocks that decreased outweighed those that increased on the Tel Aviv Stock Exchange, with 272 falling compared to 203 advancing.

Commodities and Currencies

In terms of commodities, February crude oil fell by 0.54% and Brent oil for March delivery saw a dip of 0.26%. Conversely, the February Gold Futures contract rose by 0.64%. Exchange rates also fluctuated with the USD/ILS going down by 0.40% and EUR/ILS falling 0.35%. The US Dollar Index Futures dipped 0.12% to 101.36.

These shifts in the Israeli market, commodities prices, and currency rates could influence forex trading and affect related assets.

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