TA-35 Falls 3.69% as TA-125 Ends Thursday 3.38% Lower

Tel Aviv shares ended Thursday, November 5, sharply lower, with both leading indexes finishing at their session lows. The TA-35 closed at 3,823.18, down 3.69%, while the broader TA-125 lost 3.38% to 3,719.05. The TA-90 fell 2.23% to 3,407.17. The TA-35, which the Tel Aviv Stock Exchange describes as its flagship index of 35 leading shares, opened at 3,901.32 and reached an intraday high of 3,923.71 before closing at 3,823.18. The TA-125, which combines the TA-35 and TA-90 shares, opened at 3,796.04 and reached 3,811.32 before ending at 3,719.05. Several large constituents recorded substantial declines. Tower fell 8.35%, Palo Alto Networks dropped 8.28%, and Elbit Systems lost 7.77%. Phoenix declined 5.46%. Among the banks, Mizrahi-Tefahot fell 3.19%, Leumi lost 2.89%, and Hapoalim slipped 2.50%. Teva finished unchanged. The declines followed another lower session on November 4, when the TA-35 fell 1.96% to 3,969.53 and the TA-125 lost 1.86% to 3,849.08. After Thursday's close, the exchange's figures put the TA-35 down 5.81% since the start of November but still up 5.28% for the year. The TA-125 was down 5.52% for the month and up 1.52% since the start of the year.