Stock Markets April 13, 2026 10:55 AM

Tel Aviv Stocks Retreat as TA 35 Drops 1.36%; Biomed, Real Estate and Financials Lead Losses

Market breadth favors decliners as oil jumps and gold slips; select TASE names buck the trend

By Derek Hwang ICL ENLT ESLT NICE
Tel Aviv Stocks Retreat as TA 35 Drops 1.36%; Biomed, Real Estate and Financials Lead Losses
ICL ENLT ESLT NICE

Israel's equity market closed lower on Monday, with the benchmark TA 35 falling 1.36% as Biomed, Real Estate and Financials sectors weighed on the index. Market breadth was negative, with decliners outnumbering advancers by more than two to one. Several stocks rose despite the broader downturn, while commodity and FX moves added to market noise.

Key Points

  • TA 35 closed down 1.36%, with Biomed, Real Estate and Financials among the sectors leading losses.
  • Top gainers on the TA 35 were ICL (up 3.45%), Enlight Renewable Energy (up 2.88%) and Elbit Systems (up 1.73%).
  • Major decliners included Menora Miv Hld (down 4.50%), NICE (down 4.10%) and OPC Energy (down 3.81%); overall decliners outnumbered advancers 328 to 156.

Israel's stock market finished the trading session lower on Monday, with losses concentrated in the Biomed, Real Estate and Financials sectors and the benchmark TA 35 ending the day down 1.36%.

Among constituents, ICL Israel Chemicals Ltd (TASE:ICL) was the strongest performer on the TA 35, gaining 3.45% or 55.00 points to close at 1,650.00. Enlight Renewable Energy Ltd (TASE:ENLT) advanced 2.88% or 650.00 points to finish at 23,190.00, while Elbit Systems Ltd (TASE:ESLT) rose 1.73% or 4,800.00 points to 282,800.00 in late trading.

On the downside, Menora Miv Hld (TASE:MMHD) led losses with a 4.50% decline, falling 2,280.00 points to close at 48,380.00. NICE Ltd (TASE:NICE) dropped 4.10% or 1,290.00 points to end the session at 30,170.00, and OPC Energy Ltd (TASE:OPCE) slipped 3.81% or 460.00 points to 11,600.00.

Market breadth on the Tel Aviv Stock Exchange was tilted toward declines, with 328 stocks falling versus 156 advancers and 68 that finished unchanged.

Commodities and currencies showed notable moves during the session. Crude oil for May delivery climbed 5.74% or 5.54 to trade at $102.11 a barrel, and Brent oil for June delivery rose 5.67% or 5.40 to $100.60 a barrel. By contrast, the June Gold Futures contract fell 1.05% or 50.15 to trade at $4,737.25 a troy ounce.

In currency markets, USD/ILS increased 0.23% to 3.05, while EUR/ILS rose 0.20% to 3.57. The US Dollar Index Futures was up 0.08% at 98.51.


Market context summary

  • Benchmark movement: TA 35 declined 1.36% at the close.
  • Winners: ICL, ENLT and ESLT were the session's top performers on the TA 35.
  • Laggers: MMHD, NICE and OPCE recorded the largest drops among major names.
  • Commodities and FX: Oil moved sharply higher while gold eased; the shekel weakened modestly versus the dollar and euro.

This account reflects the session's closing prices and market statistics as reported for the Tel Aviv market on Monday.

Risks

  • Sharp rise in crude and Brent prices - the 5.74% move in crude and 5.67% in Brent represent a notable source of market uncertainty, particularly for energy-exposed sectors.
  • Broad market weakness - with 328 decliners versus 156 advancers, the uneven breadth could indicate elevated short-term volatility across Israeli equities including Financials and Real Estate.
  • Commodity and currency swings - movements in gold, oil and the shekel may add volatility to sectors sensitive to input costs and foreign exchange exposure.

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