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Front - Globes

Thu: Insurance, energy stocks lead rise "Israel can be a window to the Mediterranean" India signs $1.1b IAI tanker aircraft deal - report Indian co KPIT to acquire Israeli startup Cymotive Strengthening shekel nears NIS 2.90/$ threshold Wizz Air Israel hub talks break down Sakal makes shock bid to buy ZIM Israeli defense-tech co Kela raising $200m at $1.2b valuation Tue: Insurance stocks lead TASE higher Israel’s most expensive home up for sale TASE readying for big wave of IPOs this month AI ecommerce co ZyG raises $60m at $500m valuation Canadian real estate co Almadev plans TASE IPO Cisco to acquire Israeli co Astrix Security Rafael close to buying VW plant Mon: Nice lifts TASE to new record Israeli startup BridgeWise teams with Elon Musk�s X Leumi Partners invests NIS 200m in Landora Ministers approve two new combat aircraft squadrons Fri: Main indices rise, Tower surges Beilinson Hospital receives record donation for cancer research Thu: Main indices edge higher Keystone joining Hot Mobile acquisition Mekorot teams with nT-Tao on nuclear fusion Lufthansa Group suspends Israel flights until June Check Point disappoints on revenue, beats on profit SuperPlay earnout payments weigh on Playtika Tel Aviv Park HaMesila penthouse sells for NIS 55m Israeli credit card players eye potential of Wizz Air loyalty club Elon Musk to visit Israel next month
Fri: Main indices fall sharply
Globes corre · 2026-05-17 · via Front - Globes

The week ended with a sharp downturn, with particular weakness in banking and energy stocks.

The main indices on the Tel Aviv Stock Exchange fell sharply on Friday. The Tel Aviv 35 Index fell 2.08%, to 4,384.00 points; the Tel Aviv 125 Index fell 1.95%, to 4,318.68 points; and the BlueTech Global Index fell 1.74%, to 697.15 points. The TelBond 60 corporate bond index fell 0.05%, to 423.27 points. Turnover totaled NIS 3.52 billion in equities and NIS 3.32 billion in bonds.

In the sector indices, the Tel Aviv Cleantech Index fell 2.85%, the Tel Aviv Energy Utilities Index fell 2.83%, and the Tel Aviv Insurance Index fell 2.71%.

On the foreign exchange market, the representative shekel-US dollar exchange rate was set 0.38% higher, at NIS 2.9160/$, and the representative shekel euro rate was set 0.23% lower, at NIS 3.923/€.

Bank Hapoalim led trading on Friday, and fell 2.40%. Bank Leumi fell 2.20%; Tower Semiconductor rose 0.87%; Enlight fell 5.10%; and Mizrahi Tefahot Bank fell 2.19%.

Notable advancers on Friday were Shukin & Binui, up 8.20% after it was reported that Generation Capital was in talks to acquire subsidiary Shikun & Binui Energy for over NIS 4 billion; Generation Capital itself, up 2.73%; and Turpaz, up 2.01%. Rimon fell 8.51%, Nofar Energy fell 6.77%, Electra Real Estate fell 5.94%, and Mega Or fell 5.10%.

Published by Globes, Israel business news - en.globes.co.il - on May 17, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.