Israeli Stocks Rise, Hitting One-Month High Led by Melisron and ICL

Summary

  • Israel stocks increased significantly after Monday’s end of trading thanks to the performances of the

    sectors.

  • The Tel Aviv’s gained 1.04%, reaching a 1-month peak.
  • Melisron (TASE:), ICL Israel Chemicals Ltd (TASE:) and Mivne Real Estate KD Ltd (TASE:) reported the best performances of the session.
  • OPC Energy Ltd (TASE:), Shapir Engineering Industry (TASE:) and Azrieli Group Ltd (TASE:) documented fewer gains.
  • Overall, rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange.
  • Commodity trading saw crude oil decrease in value while Gold Futures increased.
  • The US Dollar Index Futures experienced a slight drop.

Detailed Performance of Stocks

The most notable performers of the session on the were Melisron (TASE:), rising 1.95% or 530.00 points to finish trading at 27,710.00. ICL Israel Chemicals Ltd (TASE:) added 1.77% or 32.00 points to end at 1,840.00 and Mivne Real Estate KD Ltd (TASE:) improved by 1.59% or 17.00 points to reach 1,087.00.

Limited gains marked OPC Energy Ltd (TASE:), Shapir Engineering Industry and Azrieli Group Ltd (TASE:) with increases of 0.04%, 0.22%, and 0.26% respectively.

General Performance of the Market

Showing a promising market, rising stocks outperformed declining ones on the Tel Aviv Stock Exchange.

Promisingly, shares in Melisron (TASE:) surged to the 52-week record, escalating by 1.95% or 530.00 points to 27,710.00.

Commodity and Currency Trading

In commodity trading fluctuations, crude oil for February delivery fell by 0.54% or 0.40 to $73.49 a barrel. Conversely, Brent oil projected for March delivery decreased by 0.26% or 0.21 to hit $78.80 a barrel. February Gold Futures contracts, however, ascended by 0.64% or 13.20 points, to finalize at $2,064.50 an ounce.

Currency relationships demonstrated USD/ILS incrementing by 0.35% while EUR/ILS also increased by 0.39%.

The US Dollar Index Futures demonstrated a slight decrease of 0.12%, ending at 101.36.

Conclusively, these shifts in financial assets, commodities, and currencies in Israel’s market provide noteworthy insights for forex traders and could lead to significant impact in the trading environment.

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