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At market close, Israeli stocks are up; the TA 35 is up 1.09 percent

Aria Thomas

Jul 11, 2022 10:58


Following Sunday's closing bell, the Biomed, Oil & Gas, and Banking sectors contributed to a surge in Israel's stock market.

At the close of trading in Tel Aviv, the TA 35 rose 1.09 percent.

Maytronics (TASE:MTRN) had the best performance on the TA 35 throughout the session, increasing 3.91 percent or 184.00 points to end at 4,890.00. Bank Hapoalim (TASE:POLI) climbed 2.92 percent, or 87.00 points, to end trading at 3,065.00, while Strauss Group (TASE:STRUS) gained 2.58 percent, or 228.0 points, to 9,050.00.

Bezeq Israeli Telecommunication Corp Ltd (TASE:BEZQ) ended the day with the lowest performance, down 1.88 percent, or 10.20 points, to 532.80. Teva Pharmaceutical Industries Ltd (TASE:TEVA) finished at 2,615.00, down 0.30 percent, or 8.00 points, whilst Shapir Engineering Industry (TASE:SPEN) closed at 2,885.00, down 0.14 percent, or 4.00 points.

On the Tel Aviv Stock Exchange, advancing stocks outnumbered declining ones by a ratio of 346 to 144, with 34 stocks closing unchanged.

The price per barrel of crude oil for delivery in August increased 2.01%, or $2.07, to $104.80. Brent oil for September delivery jumped 2.39 percent, or 2.50 cents, to $107.15 per barrel, while the August Gold Futures contract increased 0.07 percent, or 1.20 cents, to $1,740.90 per troy ounce.

The USD/ILS exchange rate decreased 0.21 percent to 3.46, while the EUR/ILS exchange rate stayed unchanged at 3.53.

US Dollar Index Futures were 0.25 percent down at 106.69.