Tel Aviv Stock Exchange Closes Quietly Amidst Data Breach Concerns

The Tel Aviv Stock Exchange (TASE) experienced a quiet closing on Thursday, with major indices TA-35 and TA-125 seeing modest gains of up to 0.2%. Palo Alto Networks' stock surged by 6.3% on the TASE, mirroring its positive performance on Wall Street. However, the day was marked by a significant security incident at Meitav Trade, a retail trading platform owned by Meitav. The company reported that customer data, including identity card numbers and bank account details, was exposed due to an external party exploiting a vulnerability in a vendor's interface. Meitav Trade stated that initial investigations indicate no access was gained to customer accounts or funds, and no passwords or financial data were compromised. The company plans to notify affected customers and is conducting a full investigation.

In other market movements, Electra Real Estate saw a substantial jump of 9.7% after three consecutive days of declines. Sectoral indices showed mixed performance, with the TA Construction index rising 1.1% while the TA Oil and Gas index dipped 0.2%. Elbit Systems experienced a 2.8% drop, placing it at the bottom of the TA-35 index. Yellowstone, associated with Yekir Gabai, is reportedly raising $400 million in a pre-IPO private placement to fund U.S. real estate investments.

Long-term government bonds saw a slight increase, with the yield on 10-year Israeli bonds decreasing by 2 basis points to 4.08%. In the energy sector, Solair signed a memorandum of understanding to acquire up to 70% of a solar and storage project portfolio in Australia, valued at approximately A$300 million. Additionally, Doral, Ampa Group, and Nadav B. Logistics are advancing plans for a new server farm in the Jezreel Valley, with an estimated investment exceeding 1 billion shekels, adding to their existing project in Beit Shemesh.