Israel Stocks Rise, Led by Gains in Banking Sector

Summary

On Sunday, stocks in Israel saw an increase following the market close, driven by advances in the , and sectors. At the market close in Tel Aviv, the saw an enhancement of 0.64%. The top gainers included First International Bank of Israel Ltd which surged by 4.49% and Israel Discount Bank Ltd which improved by 4.00%. On the downside, NICE Ltd and Camtek Ltd experienced declines. On the Tel Aviv Stock Exchange, rising stocks overwhelmed declining ones. Crude oil and Brent oil both saw increases in their March and April delivery. The currency outlook showed a decline in USD/ILS and EUR/ILS rates, whereas the US Dollar Index Futures dropped by 0.10%.

Israel Stocks Rise Post Market Close

Stocks in Israel exhibited an upwards surge following the end of market hours on Sunday. This uptick was driven by gains in the , and sectors.

Tel Aviv’s Market Gains

The close in Tel Aviv saw the improving by 0.64%.

Strong Performers on the

The prominent gainers of the session on the were First International Bank of Israel Ltd (TASE:), which escalated by 4.49% or 620.00 points to finalise at 14,420.00 at the close. Additionally, Israel Discount Bank Ltd (TASE:) rose 4.00% or 68.00 points to conclude at 1,770.00. Mizrahi Tefahot (TASE:) saw an uptick of 3.60% or 470.00 points, settling at 13,510.00 in late trade.

Underperformers of the Session

NICE Ltd (TASE:) declined 3.66% or 2,980.00 points to end the day at 78,480.00. Camtek Ltd (TASE:) saw a drop of 3.26% or 980.00 points, wrapping up at 29,070.00. Nova (TASE:) depreciated by 2.40% or 1,310.00 points to 53,350.00.

Overview of the Tel Aviv Stock Exchange

On the Tel Aviv Stock Exchange, stocks exhibiting an upward trend outnumbered the declining ones by a count of 290 to 158, while 89 remained unchanged.

Commodities Trading Update

Crude oil for March delivery was up 1.12% or 0.87 to $78.23 a barrel. Conversely, in the commodities trading, Brent oil for delivery in April rose 1.52% or 1.25 to hit $82.95 a barrel. The April Gold Futures contract witnessed an increment of 0.01% or 0.30 to trade at $2,037.10 a troy ounce.

Forex Updates

For forex news, USD/ILS witnessed a drop by 0.24% to 3.69, while EUR/ILS depreciated by 0.17% to 4.00. The US Dollar Index Futures exhibited a downfall of 0.10% at 103.26.

The observed market trends and variations in commodity prices may significantly impact forex trading strategies and decisions, potentially affecting assets such as the US Dollar, Israeli Shekel, and commodity resources.

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