Tel Aviv Stock Exchange Ends Lower Amid Global Market Concerns

The Tel Aviv Stock Exchange concluded Wednesday's trading session with declines in its two main indices. The TA-35 index fell by 0.26% to close at 4,296.38 points, while the TA-125 index saw a larger drop of 0.36%, ending at 4,158.23 points.

Among the day's top performers, Migdal Insurance saw its stock surge by 4.39% to 40,390 agorot. Other notable gainers included Wishor Globaltech, up 4.06%, Gilat Satellite Networks, which rose 3.81%, Palo Alto Networks, increasing by 3.60%, and Eyalon Holdings, strengthening by 3.34%.

Conversely, Electra Real Estate experienced the most significant downturn, with its stock plummeting 7.05% to 2,070 agorot. Qualitao followed, down 6.96%, with Ackerstein Group weakening by 5.44%. Max Stock lost 4.48% of its value, and Frashkovsky also declined by 3.74%.

These local market movements occurred against a backdrop of negative sentiment on Wall Street, driven by a rise in U.S. 10-year Treasury yields to approximately 5.05%. Additionally, global markets are showing caution due to reports concerning U.S.-Iran diplomatic contacts on the sidelines of the UN General Assembly.

In local currency trading, the U.S. dollar was trading around 3.017 shekels, the euro stood at 3.442 shekels, and the British pound was valued at 4.007 shekels.