Israel Stocks Tumble, Led byLosses in Technology and Real Estate Sectors
The Tel Aviv Stock Exchange closed lower on Wednesday, with losses in the technology and real estate sectors leading the decline. The TA-25 Index fell 0.36% to close at 2,834.00 points.
The best-performing stocks of the day were Ormat Technologies, which rose 2.00% or 510.00 points to 26,000.00, followed by Enlight Renewable Energy, which added 1.32% or 83.00 points to 6,376.00, and Tower Semiconductor, which was up 1.22% or 230.00 points to 19,160.00.
On the other end of the spectrum, the worst-performing stocks were Shapir Engineering Industry, which fell 2.54% or 74.00 points to 2,834.00, Shikun & Binui, which declined 2.46% or 34.00 points to 1,350.00, and Amot Investments, which was down 1.87% or 39.00 points to 2,051.00.
Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 253 to 221, with 63 remaining unchanged. Commodity markets also saw some movement, with crude oil for February delivery falling 0.09% or 0.06 to $70.10 a barrel, while Brent oil for March delivery rose 1.24% or 0.90 to $73.22 a barrel. Gold was unchanged, staying at $2,633.50 a troy ounce. The US dollar against the Israeli shekel was stable, trading at 3.65, while the euro-dollar exchange rate rose 0.27% to 3.80. The US Dollar Index Futures was up 0.18% at 108.00.
