Fri: Tower surges, insurance stocks weak

The main indices rose on Friday, with Tower the outstanding stock, registering its biggest ever rise in a single session.

The main indices on the Tel Aviv Stock Exchange rose on Friday, when the exchange resumed activity after the Passover break. The Tel Aviv 35 Index rose 2.20% to 4,189.31 points; the Tel Aviv 125 Index rose 2.27%, to 4,107.92 points; and the BlueTech Global Index rose 2.58%, to 678.83 points. The TelBond 60 corporate bond index rose 0.38%, to 415.52 points. Turnover totaled NIS 2.68 billion in equities and NIS 3.05 billion in bonds.

On the foreign exchange market, the representative shekel-US dollar exchange rate was set 0.16% lower, at NIS 3.1650/$, and the representative shekel euro rate was set 0.18% lower, at NIS 3.6360/€.

Bank Hapoalim led trading on Friday, and rose 2.29%. Bank Leumi rose 0.46%; Elbit Systems rose 5.31%; Tower Semiconductor rose 14.35%, the largest ever rise in the stock in a single session, bringing it to a market cap of NIS 70 billion, exceeding that of Mizrahi Tefahot Bank; and Phoenix Financial fell 1.69%.

Besides Tower Semiconductor, notable advancers on Friday were Gilat Satellite Networks, up 12.59%; Isramco, up 7.97%; Shikun & Binui, up 6.94%; and Turpaz, up 6.65%. Strauss Group fell 3.89%, Nofar Energy fell 3.67%, Clal Insurance fell 3.42%, Harel fell 3.22%, and Migdal Insurance fell 2.67%.

Published by Globes, Israel business news - en.globes.co.il - on April 5, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018