Israel shares lower at close of trade; TA 35 down 0.32%
Source Investing
Investing.com – Israel equities were lower at the close on Sunday, as losses in the Banking, Financials and Real Estate sectors propelled shares lower.
At the close in Tel Aviv, the TA 35 lost 0.32%.
The biggest gainers of the session on the TA 35 were Ormat Technologies (TASE:ORA), which rose 2.23% or 610.00 points to trade at 28,000.00 at the close. Energean Oil&Gas PLC (TASE:ENOG) added 1.57% or 69.00 points to end at 4,455.00 and Elbit Systems Ltd (TASE:ESLT) was up 0.85% or 620.00 points to 73,520.00 in late trade.
Biggest losers included Shapir Engineering Industry (TASE:SPEN), which lost 2.21% or 46.00 points to trade at 2,032.00 in late trade. Azrieli Group Ltd (TASE:AZRG) declined 1.63% or 420.00 points to end at 25,360.00 and Electra Ltd (TASE:ELTR) shed 1.54% or 2,140.00 points to 137,170.00.
Declining stocks outnumbered rising ones by 235 to 196 and 108 ended unchanged on the Tel Aviv Stock Exchange.
In commodities trading, Crude oil for November delivery was up 0.39% or 0.27 to $67.75 a barrel. Meanwhile, Brent oil for delivery in November fell 0.50% or 0.36 to hit $71.61 a barrel, while the December Gold Futures contract rose 0.99% or 25.60 to trade at $2,606.20 a troy ounce.
USD/ILS was down 0.27% to 3.71, while EUR/ILS fell 0.24% to 4.11.
The US Dollar Index Futures was down 0.23% at 100.79.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
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Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
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Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.
