Tel Aviv Stock Exchange closes strong on Friday. The Tel Aviv 35 Index gained 1.15% to 4,425.03 points, while the 125 Index rose 1.33% to 4,371.32 points. Technology and construction sectors led the rally, with the Tech Index climbing 2.51% and Construction Index surging 3.23%, buoyed by expectations of deeper interest rate cuts from the Bank of Israel. Tower Semiconductor was the standout performer, jumping 6.52% and extending its year-to-date gains to 80%. Trading volume reached NIS 2.47 billion in equities. Phoenix Financial led the day's activity with a 2.65% increase, while Bank Hapoalim and Bank Leumi posted modest gains. The shekel weakened slightly against the dollar, trading at NIS 2.9480 per dollar. Notable gainers included G City and Shikun & Binui, both up over 6%, reflecting broad market optimism across multiple sectors.
