Israel stocks higher at close of trade; TA 35 up 0.71%

16/05/2018 15:00:00 Stock Market

Israel stocks were higher after the close on Wednesday, as gains in the Insurance, Financials and Technology sectors led shares higher.

At the close in Tel Aviv, the TA 35 gained 0.71% to hit a new 1-month high.

The best performers of the session on the TA 35 were Harel (TA:HARL), which rose 3.22% or 82 points to trade at 2630 at the close. Meanwhile, Teva Pharmaceutical Industries Ltd (TA:TEVA) added 3.18% or 232 points to end at 7519 and Azrieli Group Ltd (TA:AZRG) was up 2.50% or 410 points to 16820 in late trade.

The worst performers of the session were Cellcom Israel Ltd (TA:CEL), which fell 3.26% or 80 points to trade at 2377 at the close. Ormat Technologies (TA:ORA) declined 2.58% or 500 points to end at 18850 and Partner (TA:PTNR) was down 2.05% or 28 points to 1340.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 221 to 160 and 31 ended unchanged.

Shares in Partner (TA:PTNR) fell to 52-week lows; down 2.05% or 28 to 1340.

Crude oil for June delivery was down 0.36% or 0.26 to $71.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.40% or 0.31 to hit $78.12 a barrel, while the June Gold Futures contract fell 0.17% or 2.20 to trade at $1288.10 a troy ounce.

USD/ILS was down 0.36% to 3.5881, while EUR/ILS fell 0.80% to 4.2285.

The US Dollar Index Futures was up 0.26% at 93.38.