TA-35 closes 0.37% higher as energy and banks support rebound
Published on 11/12/2026 at 22:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTA-35 ends a volatile session
- The TA-35 closed 0.37% higher at 4,073.77 points on November 12, 2026.
- Oil and gas, banking and biomed stocks supported the benchmark, although declining securities outnumbered advancing ones across the wider exchange.
- NewMed Energy, Next Vision and Teva were among the strongest reported performers, while Palo Alto Networks, Menora Mivtachim and Harel lagged.
The TA-35 finished Thursday's session 0.37% higher at 4,073.77 points, according to Investing.com. The move followed a volatile session in which the leading index briefly came under pressure before recovering toward the close.
Sector support offsets uneven breadth
Investing.com attributed the advance to gains in the oil and gas, banking and biomed sectors. The session's leadership was selective: NewMed Energy rose 5.52%, Next Vision gained 3.86% and Teva advanced 3.18% to reach a reported five-year high. On the weaker side, Palo Alto Networks fell 4.46%, Menora Mivtachim declined 3.66% and Harel lost 3.12%.
The broader market did not confirm a uniformly strong advance. Across the Tel Aviv Stock Exchange, 285 securities declined, compared with 179 gainers, while 92 ended unchanged. That divergence suggests that support from selected large-cap and sector constituents was sufficient to lift the flagship index even as participation remained cautious.
News flow kept investors cautious
Globes reported that the indices moved into negative territory after news of Jensen Huang's resignation as Nvidia chief executive and comments by US President Donald Trump that an agreement with Iran was not necessary. The market later recovered somewhat. Globes also reported a 2.64% rise in the Tel Aviv Oil and Gas Exploration Index and a 2.4% decline in the Tel Aviv Insurance Index, highlighting the sector rotation behind the mixed session.
Equity turnover totaled NIS 3.26 billion, while bond turnover reached NIS 4.10 billion, according to Globes. For investors, the combination of a modest index gain and negative market breadth points to a selective rather than broad-based recovery. The next session will show whether leadership from energy, banks and biomed stocks can persist.
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