Israel stocks higher at close of trade; TA 35 up 1.12%

Israel's stock market experienced a positive close on Monday, with the TA 35 index surging 1.12% to achieve a fresh 1-month peak. The main drivers of the upward trend were gains in the Insurance, Financials, and Banking sectors. Among the top gainers for the day, Tower Semiconductor Ltd (TASE:TSEM) led the pack with an impressive 8.24% rise, bringing its stock value to 68,280.00.

Nova (TASE:NVMI) and Next Vision Stabilized Systems (TASE:NXSN) also showed strong performance, with gains of 5.35% and 4.76% respectively. The day's weakest performers were NICE Ltd (TASE:NICE), Mega Or (TASE:MGOR), and Navitas Petroleum LP Unit (TASE:NVPTp), each recording declines of 3.85%, 3.46%, and 2.07% respectively. In total, 272 stocks decreased while 206 rose, and 81 remained unchanged.

Traders also saw a positive shift in commodities trading, as crude oil prices for October delivery climbed 1.40% to $92.76 a barrel. Similarly, Brent oil for November delivery increased 1.38% to $97.61 a barrel, while the December Gold Futures contract slipped 0.31% to $4,462.86 a troy ounce. USD/ILS held steady at 3.01, while EUR/ILS remained unchanged at 3.50 and the US Dollar Index Futures fell 0.29% to 98.86.