The stock market is rising: Tel Aviv indices have risen by up to 0.54% • Since the beginning of the year - the Tel Aviv 35 index has fallen by about 18% • Significant increase in industry indices

• The Tel Aviv Stock Exchange

  Photo: 

  Joshua Joseph - Archive

The stock market is rising - despite the Korna. The various Tel Aviv indices rose by up to 0.54% yesterday. The energy company Energian led the trend with a 5.3% climb in the share price. The stock exchange yesterday released the trading summary for July, which was characterized by price increases in all leading stock indices, similar to the stock market trend World leaders. 

The Tel Aviv 35 Index, which represents the major stocks, rose by about 3%, and the Tel Aviv 90 and Tel Aviv SME60 indices, which represent the medium-sized stocks, rose by 7% and 6%, respectively, compared with an increase of 5%. In US stock exchanges and an average increase of about 2% in leading stock exchanges in Europe. 

Rising industry indices

As of the end of July, the Tel Aviv 35 Index was 18% lower than it was at the beginning of the year, while the Tel Aviv 90 and Tel Aviv SME60 indices recorded a more moderate decline of about 9%. Price increases characterized all industry indices, led by an index Shares of companies and oil and gas partnerships, which jumped about 16% this month, under the influence of a huge deal worth about $ 5 billion for the acquisition of Noble Energy, the operator of the Leviathan and Tamar gas reservoirs off the coast of Israel, by the international energy corporation Chevron. 

The high-tech index, which represents technology companies and biomed companies - industries whose attractiveness has risen as a result of the global corona crisis - rose by about 12% in July, breaking the record it had reached the previous month. In the mutual fund market, funds that invest in shares and bonds in Tel Aviv sold for NIS 1 billion net, and purchased funds that invest in shares abroad for NIS 0.7 billion net.