Tel Aviv Stock Exchange Closes Higher Ahead of Bank of Israel Rate Decision
Tel Aviv Stock Exchange indices closed higher as trading volumes hit billions. Investors await the Bank of Israel interest rate decision, expected to hold at 3.25%.
The Tel Aviv Stock Exchange closed with gains across major indices, as the TA-25 index rose 0.2% to 4,214.13 points and the TA-125 index climbed 0.48% to 4,091.46 points. Trading volumes reached approximately 4.4 billion shekels in equities, 6.2 billion shekels in bonds, and 2.1 billion shekels in short-term bills (Makam).
Top Gainers and Decliners
Among the top gainers, Amram shares surged 7.22% to 4,053 agorot, followed by Aryt Industries, which grew 6.32% to 1,614 agorot. Conversely, Tower Semiconductor led the declines, dropping 4.91% to 59,800 agorot, while Navitas Petroleum fell 3.52% to 12,060 agorot.
Interest Rate Expectations and Forex
Ahead of the Bank of Israel's interest rate decision, estimates indicate the rate will remain unchanged at 3.25% amid geopolitical uncertainty and economic resilience. In the foreign exchange market, the representative rate for the US dollar stood at 3.1060 shekels, the euro at 3.4822 shekels, and the British pound at 4.1444 shekels.
