TA-35 closes 0.59 percent lower as defense stocks slide
Published on 10/06/2026 at 18:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
TA-35 closed at 4,198.81 points on October 6, 2026, down 0.59 percent, as losses in defense, communications, insurance and banking stocks outweighed gains in Tower Semiconductor, according to Globes and Investing.com.
Defense stocks drive the decline
NextVision Stabilized Systems fell 12.65 percent after Fidelity sold two-thirds of its holding through a transaction priced at a 7 percent discount to the previous close. CTech reported that the sale represented 5.5 percent of NextVision's share capital and reduced Fidelity's stake to approximately 4 percent.
The Tel Aviv Defense Index fell 3.45 percent, while the Communications and IT Index dropped 2.68 percent and the Insurance Index declined 2.25 percent, Globes reported.
Stocks and market breadth
Tower Semiconductor gained 8.47 percent and Palo Alto Networks rose 4.91 percent. Elbit Systems lost 5.12 percent, while Migdal Insurance and Financial Holdings fell 3.19 percent. Investing.com said declining stocks outnumbered advancing stocks 340 to 131, with 89 unchanged.
Equity turnover totaled NIS 5.20 billion, according to Globes. The shekel weakened 0.20 percent against the USD to 3.0530, while it gained 0.07 percent against the euro to 3.4323.
TA-35's next regular session is scheduled for Wednesday, October 7, 2026. TASE derivatives data lists TA-35 contracts dated October 7, according to TASE.
