Tel Aviv Stock Exchange Closes With Gains Amid Political Optimism
Translated & summarized from Ice by baba
The Tel Aviv Stock Exchange closed Friday with gains in its main indices, driven by increased political optimism about forming a government. Israel Canada shares surged over 11% following major overseas hotel deals. The US dollar also rose against the shekel to its highest point since December 2025, impacting consumer costs for imported goods and international purchases.
The story in 6 lines · by baba
- Tel Aviv Stock Exchange indices TA-35 and TA-125 closed Friday with significant gains.
- Israel Canada shares jumped 11.54% after completing major overseas luxury hotel deals.
- Avisarur shares were the biggest loser, dropping 10.76% on Friday.
- Political optimism in Israel regarding government formation boosted the stock market.
- The US dollar reached its highest level against the shekel since December 2025.
- New index compositions included El Al and Doral Energy in the TA-35 index.
The Tel Aviv Stock Exchange concluded trading on Friday with increases in its two main indices. The TA-35 index rose by 3.09% to 3,941.14 points, and the TA-125 index climbed 2.81% to 3,823.63 points. Among the top-performing stocks, Israel Canada saw its share price jump 11.54% to 1.160 agorot, following its completion of several major overseas luxury hotel deals this week. Following Israel Canada, the Lahav stock grew by 9.06%, and RP Optical shares increased by 8.07%. Nova's stock was up 7.29%, and Telsys closed the list of gainers with a 6.27% rise.
Conversely, Avisarur was the biggest loser, with its stock dropping 10.76% to 1,062 agorot. Nofer Energy shares fell 6.77%, and Econerg's stock declined by 4.27%. Villar's shares were down 3.55%, and Doral Energy concluded the list of decliners with a 2.65% decrease.
The market's positive performance was influenced by rising political optimism regarding the formation of a government in Israel. This sentiment is expected to continue supporting the market next week. Additionally, Friday marked the first trading day for the indices with their new compositions, including El Al and Doral Energy now listed in the TA-35 index.
Earlier on Friday, the US dollar crossed the 3.22 shekel mark, its highest level since December 2025, before settling around 3.21 shekels. This surge followed significant drops on Wall Street, fueled by concerns about the artificial intelligence industry and political and security uncertainties in Israel. A stronger dollar can lead to increased costs for Israeli consumers purchasing goods and services priced in dollars internationally, such as online purchases and hotel bookings.
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