Stock Markets February 18, 2026

Tel Aviv Shares Climb to Record as Tech, Telecom and Insurers Lead Gains

TA 35 posts a new all time high as select blue-chips rise and commodities jump

By Leila Farooq ESLT CAMT ICL
Tel Aviv Shares Climb to Record as Tech, Telecom and Insurers Lead Gains
ESLT CAMT ICL

Israel's equity market closed higher Wednesday, with the TA 35 index reaching a fresh all time high. Gains were concentrated in the Insurance, Communication and Technology sectors, while market breadth showed more decliners than advancers. Oil and gold prices also moved notably higher during the session.

Key Points

  • TA 35 rose 0.87% to reach a new all time high, led by gains in Insurance, Communication and Technology sectors.
  • Top performers included Elbit Systems (up 4.33%), OPC Energy (up 4.19% to an all time high) and Camtek (up 4.06%).
  • Wider market breadth was negative with 247 decliners versus 222 advancers; commodities such as crude oil, Brent and gold recorded notable increases.

Israel's stock market finished the trading day higher on Wednesday, driven by advances in the Insurance, Communication and Technology sectors. At the close in Tel Aviv, the TA 35 increased 0.87% and registered a new all time high.

The session's top performers on the TA 35 included Elbit Systems Ltd (TASE:ESLT), which rose 4.33% or 9,190.00 points to trade at 221,190.00 at the close. OPC Energy Ltd (TASE:OPCE) added 4.19% or 391.00 points to end at 9,725.00, and Camtek Ltd (TASE:CAMT) advanced 4.06% or 1,960.00 points to close at 50,260.00.

At the other end of the index, Azrieli Group Ltd (TASE:AZRG) dropped 4.03% or 1,890.00 points to finish at 45,000.00. ICL Israel Chemicals Ltd (TASE:ICL) declined 3.93% or 70.00 points to 1,711.00, while NICE Ltd (TASE:NICE) was down 1.95% or 600.00 points to close at 30,100.00.

Market breadth on the Tel Aviv Stock Exchange showed more falling issues than rising ones: 247 stocks declined while 222 advanced, and 79 ended the session unchanged.

OPC Energy Ltd (TASE:OPCE) reached an all time high in the session, rising 4.19% or 391.00 to 9,725.00. By contrast, NICE Ltd (TASE:NICE) moved to a five-year low, slipping 1.95% or 600.00 to 30,100.00.

Commodity markets reflected notable moves during the same trading window. Crude oil for April delivery rose 3.10% or 1.93 to $64.19 a barrel. Brent oil for April delivery climbed 2.97% or 2.00 to $69.42 a barrel. Precious metals also advanced, with the April Gold Futures contract up 2.26% or 110.69 to trade at $5,016.59 a troy ounce.

On the currency front, USD/ILS was effectively unchanged, moving 0.05% to 3.10, while EUR/ILS dipped 0.24% to 3.66. The US Dollar Index Futures gained 0.30% to stand at 97.36.


The close highlighted a session in which several large-cap technology and defense names contributed to the benchmark's rise even as a greater number of individual stocks fell. Commodity price moves and modest currency shifts accompanied the equity gains.

Risks

  • Market breadth was weak as falling stocks outnumbered advancing ones (247 vs. 222), indicating potential internal market divergence - this affects overall equity market stability.
  • Individual large-cap declines, including Azrieli Group down 4.03% and NICE down 1.95% to a five-year low, underscore stock-specific downside risk in real estate and technology-related sectors.
  • Volatility in commodity prices, with crude oil and Brent moving higher and gold rising sharply, could transmit to market sentiment and cost structures in energy-sensitive sectors.

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