Stock Markets March 6, 2026

Tel Aviv Stocks Tick Higher as TA-35 Reaches New Peak

Oil & Gas, real estate and banking shares drive modest gains while crude posts large daily jumps

By Sofia Navarro ORA TSEM
Tel Aviv Stocks Tick Higher as TA-35 Reaches New Peak
ORA TSEM

Israel's benchmark TA-35 index closed slightly higher on Friday, recording a new all-time high as gains in the Oil & Gas, Real Estate and Banking sectors offset weaknesses elsewhere. Market breadth was positive, with more advancing than declining issues, and commodities saw significant upward moves led by crude futures.

Key Points

  • The TA-35 closed up 0.02%, recording a new all-time high.
  • Oil & Gas, Real Estate and Banking sectors led gains; market breadth showed 243 advancers, 211 decliners and 94 unchanged.
  • Crude oil futures rallied sharply, with April WTI up 9.89% to $89.02 and May Brent up 6.72% to $91.15; gold futures also rose.

Israeli equities finished the Friday session in positive territory, with the TA-35 rising 0.02% to close at a fresh all-time high. Strength in the Oil & Gas, Real Estate and Banking segments underpinned the modest advance.

Top and bottom movers

At the close in Tel Aviv, Delek Group (TASE:DLEKG) led gains on the TA-35, climbing 4.43% - an increase of 4,960.00 points - to finish at 117,000.00. Navitas Petroleum LP Unit (TASE:NVPTp) added 3.61%, up 450.00 points to 12,900.00, while Ormat Technologies (TASE:ORA) rose 2.05% or 680.00 points to end the day at 33,880.00.

On the downside, Tower Semiconductor Ltd (TASE:TSEM) was the weakest on the index, dropping 3.03% - down 1,160.00 points - to close at 37,080.00. NICE Ltd (TASE:NICE) declined 3.02% or 1,250.00 points to 40,170.00, and Camtek Ltd (TASE:CAMT) fell 2.51% or 1,310.00 points to finish at 50,850.00.

Market breadth and notable milestones

Advancers outnumbered decliners on the Tel Aviv Stock Exchange, with 243 issues rising versus 211 sliding, and 94 ending unchanged. Shares of Delek Group reached five-year highs, reflecting the 4.43% gain that took the stock to 117,000.00.

Commodities and currencies

Commodities trading showed pronounced moves. Crude oil for April delivery jumped 9.89% or 8.01 to $89.02 a barrel. Brent crude for May delivery climbed 6.72% or 5.74 to $91.15 a barrel. Precious metals also ticked higher, with the April Gold Futures contract up 1.42% or 72.19 to trade at $5,150.89 a troy ounce.

On the currency front, USD/ILS was unchanged at 3.09, while EUR/ILS was unchanged at 3.58. The US Dollar Index Futures was down 0.16% at 99.15.


The market closed with a generally constructive tone, though movements were uneven across individual stocks and sectors. The session combined a new benchmark peak for the TA-35 with large moves in commodity markets that may bear watching for their potential impact on energy-related issuers and broader market sentiment.

Risks

  • Significant volatility in crude oil prices could affect energy-sector companies and related Real Estate and Banking exposures.
  • Notable declines in select technology and services names - such as Tower Semiconductor, NICE and Camtek - indicate uneven sector performance and stock-specific risk.
  • Large commodity moves may feed through to market sentiment and influence currency and interest-rate sensitive sectors.

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