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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
Tue: Banks drag TASE down after rate cut
Globes corre · 2026-05-26 · via Front - Globes

The Banking Index fell 3.5% today after yesterday’s interest rate cut while Elbit and Enlight bucked the market.

The Tel Aviv Stock Exchange fell today, led by the Banking Index, which was down 3.5% after yesterday’s interest rate cut. The Tel Aviv 35 Index fell 0.96% to 4,483.96 points, the Tel Aviv 125 Index fell 1.01% to 4,419.71 points; but the BlueTech Global Index rose 0.15% to 712.95 points. The TelBond 60 corporate bond index fell 0.05%, to 424.74 points Turnover totaled NIS 5.39 billion in equities and NIS 7.46 billion in bonds.

On the foreign exchange market, the representative shekel-dollar rate was set down 1.651% from Thursday, before the Shavuot holiday, at NIS 2.859/$, and the representative shekel-euro rate was set 1.571% lower, at NIS 3.326/€.

Bank Leumi (TASE: LUMI) fell 3.30% and Mizrahi Tefahot Bank fell 3.69%. Bank Hapoalim (TASE: POLI) fell 3.47% and Israel Discount Bank (TASE: DSCT) fell 3.81%.

Phoenix Finance (TASE: PHOE) fell 3.97% for the biggest fall on the Tel Aviv 35 Index today. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) fell 2.26% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 3%.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) led the market today, rising 9.5% on the day’s biggest trading turnover, for the biggest rise on the Tel Aviv 35 Index, after reporting strong first quarter results. Enlight Renewable Energy (Nasdaq: ENLT; TASE: ENLT) rose 6.36%, Next Vision (TASE: NXSN) rose 1.79% and Mega Or Holdings (TASE: MGOR) rose 1.71%.

Published by Globes, Israel business news - en.globes.co.il - on May 26, 2026.

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