Tel Aviv Stock Exchange: Mixed Results for Israeli Stocks, Tech Companies Lead the Way

The first half of the year has come to a close, with positive results for Wall Street investors. Major indices such as the Nasdaq, S&P 500, and Dow Jones have seen increases in value since the beginning of the year. However, the Tel Aviv Stock Exchange showed mixed results, with some indices rising while others fell.

For example, the Tel Aviv 35 index saw a 6% increase, while the Tel Aviv 90 index lost 3.6% of its value. The Tel Aviv Marketing Chains Index and the Technology Index presented impressive returns, while the Tel Aviv Real Estate index experienced a decline. Israeli bank stocks added about 4% to their value.

In terms of individual stocks, some companies stood out for their successes while others faced disappointments. Beamer Imaging, a technology company, saw a significant increase in value due to a collaboration with Nvidia. On the other hand, companies like LivePerson, solaredge, and Productivity Network faced declines in value.

One company that performed well was Electreon, with a return of 91.5% since the beginning of the year. Another success story was Next Vision, a defense company that saw an 83.1% increase in stock value. However, companies like Productivity Network and Mitronics faced negative returns.

In the broader market, companies like Super Micro Computer and Nvidia showed impressive growth while Intel faced declining stock value. The chip industry benefited from the rise of AI while the real estate sector in the US saw negative returns