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Tel Aviv Stock Exchange Recovers Most of Thursday's Losses
The Tel Aviv Stock Exchange recovered most of Thursday's sharp losses on Friday, with the TA-35 index rising 3.09% and bank stocks leading the gains. Despite the rebound, the TA-35 remained about 0.7% below its level before Thursday's 3.69% drop.
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What happened
- 01Tel Aviv Stock Exchange's TA-35 index rose 3.09% on Friday, recovering from Thursday's fall.
- 02Bank and insurance stocks led the market's recovery, with TA-Banks-5 up 4.52%.
- 03Despite Friday's gains, the TA-35 index remained 0.7% below its pre-Thursday level.
- 04Trading volume on Friday was 4.1 billion shekels, significantly lower than Thursday's 19.4 billion.
- 05New index compositions, including El Al and Doral Energy in TA-35, were traded for the first time.
- 06U.S. market futures suggest a strong opening on Wall Street, influencing Monday's trading.
Trading volume was lower than the previous day, which saw unusual activity due to index rebalancing. Investor sentiment is now looking towards U.S. markets, with futures suggesting a strong opening on Wall Street.
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