Sun: Huge TASE gains amid Gaza truce hopes

The banks and insurance companies rose strongly but Teva, Nice and Nova declined.

The Tel Aviv Stock Exchange rose strongly today as US president Trump said a deal to return all the hostages and end the war in Gaza is close at hand. The Tel Aviv 35 Index rose 2.70% to 3,116.75 points, the Tel Aviv 125 Index rose 3% to 3,161.33 points; and the BlueTech Global Index rose 1.42% to 560.01 points. The All Bond corporate bond index rose 0.19% to 413.19 points. Turnover totalled NIS 1.91 billion in equities and NIS 4.08 billion in bonds.

On the foreign exchange market, the representative shekel-dollar rate was set 0.658% higher on Friday, at NIS 3.366/$, and the representative shekel-euro rate was set 0.107% higher, at NIS 3.929/€.

Bank Leumi (TASE: LUMI) led the market today, rising 4.59% on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) rose 4.48%, Mizrahi Tefahot Bank rose 4.79% and Israel Discount Bank (TASE: DSCT) rose 5.53%.

Phoenix Financial (TASE: PHOE) rose 9.78% for the biggest rise on the Tel Aviv 35 Index today. Menora Mivtachim (TASE) MMHD rose 6.21%, Harel Finance and Investments (TASE: HARL) rose 8.13%, and Clal Insurance Enterprise Holdings (TASE: CLIS) rose 6.56%. Azrieli Group (TASE: AZRG) rose 5.47% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) rose 0.90%.

Nice (Nasdaq: NICE; TASE:NICE) fell 2.43% for the biggest fall on the Tel Aviv 35 Index today.Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) fell 1.61%, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.02%.

Published by Globes, Israel business news - en.globes.co.il - on September 28, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.

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