TA-35 loses 42 points as Tower leads tech selloff
Published on 10/23/2026 at 18:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSector losses drive the decline
- TA-35 closed at 4,124 points on October 23, down 42 points or 1.0 percent.
- Biomed, technology and banking losses led the retreat as Brent crude reached USD 116.11.
- Tower Semiconductor fell 5.0 percent, while Tel Aviv Stock Exchange gained 4.1 percent.
- Strauss Group will present its strategy on October 26 at 12:00 noon IDT.
TA-35 lost 42 points or 1.0 percent to close at 4,124 points on October 23. Losses in biomed, technology and banking stocks drove the decline, while Brent crude rose to USD 116.11, Investing.com reported.
Tower Semiconductor was the weakest major mover, falling 5.0 percent. The decline came as technology shares led the broader selloff described by Globes.
Why did TA-35 fall on October 23?
The decline followed weakness in the biomed, technology and banking sectors, according to Investing.com. Globes linked the Israeli retreat to negative sentiment from Wall Street and a broad technology selloff.
Oil prices added to the market backdrop. December West Texas Intermediate crude rose 2.9 percent to USD 102.34, while Brent gained 2.6 percent to USD 116.11, Investing.com said.
Winners and losers in TA-35
Winners and losers at the October 23 close, according to Investing.com:
- Tel Aviv Stock Exchange up 4.1 percent, Investing.com reports
- Melisron up 1.6 percent, Investing.com reports
- Strauss Group up 1.5 percent, Investing.com reports
- Tower Semiconductor down 5.0 percent, Investing.com reports
- Enlight Renewable Energy down 3.6 percent, Investing.com reports
- Camtek down 3.0 percent, Investing.com reports
Decliners outnumbered advancers 226 to 207, while 125 stocks ended unchanged.
Election uncertainty stays in focus
Israel's October 27 election remains a market consideration. A Reuters poll cited by MarketScreener found all 15 economists expected the Bank of Israel to hold its 3.25 percent rate at its October meeting.
What comes next for TA-35
- October 26, 2026, 9:59 a.m. IDT: Tel Aviv trading resumes after the shortened Friday session, TASE.
- October 26, 2026, 12:00 noon IDT: Strauss Group plans an investor conference on its 2027-2030 strategy, Yahoo Finance.
- October 27, 2026: Israel's national election is scheduled, with political risk still shaping rate expectations, MarketScreener.
TA-35 price data for October 23, 2026
TA-35 closed at 4,124 points on October 23 at 1:44 p.m. IDT, according to MarketScreener. The index fell 42 points or 1.0 percent from the previous close of 4,166 points on October 22.
TA-35 by the numbers on October 23, 2026
- Index: TA-35
- Home exchange: Tel Aviv Stock Exchange, Israel
- Close on October 23, 2026: 4,124 points
- Change versus previous close of October 22, 2026: down 42 points (down 1.0 percent)
- Previous close: 4,166 points
- Top gainer: Tel Aviv Stock Exchange up 4.1 percent
- Top loser: Tower Semiconductor down 5.0 percent
- Next scheduled event: October 26, 2026, 12:00 noon IDT: Strauss Group investor conference
