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Home Investing in Stocks Israel Stocks Fall as Real Estate, Tech, and Banking Drop

Israel Stocks Fall as Real Estate, Tech, and Banking Drop

by Barbara

Stocks in Israel closed lower on Sunday, with declines in the Real Estate, Technology, and Banking sectors leading the downturn.

The TA 35 index ended the day unchanged, with no significant movement.

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Enlight Renewable Energy Ltd was the top performer of the session, gaining 3.92%, or 249 points, to close at 6,600. Amot Investments Ltd followed closely with a 3.42% increase, adding 68 points to finish at 2,056. Energean Oil & Gas PLC also saw gains, rising 3.24% or 136 points to close at 4,336.

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On the other hand, Camtek Ltd suffered the largest loss, falling 5.20%, or 1,300 points, to end at 23,720. Teva Pharmaceutical Industries Ltd dropped 4.80%, or 312 points, finishing at 6,187. Elbit Systems Ltd also saw a decline, down 1.11%, or 1,670 points, to 148,130.

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Despite the overall decline, advancing stocks outnumbered decliners on the Tel Aviv Stock Exchange by 281 to 176, with 80 stocks remaining unchanged.

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In commodity markets, crude oil prices rose. June delivery crude oil climbed 1.85%, or $1.11, to $61.02 per barrel. Brent oil for July delivery increased by 1.70%, or $1.07, to $63.91 per barrel. Meanwhile, June Gold Futures rose by 1.15%, or $38, to trade at $3,344 per ounce.

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In the currency market, the US dollar weakened against the Israeli shekel, with the USD/ILS down 0.62% to 3.55, and the EUR/ILS falling 0.44% to 3.99. The US Dollar Index Futures also dropped by 0.32%, reaching 100.17.

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