The TA-35, Tel Aviv’s benchmark index of the largest publicly traded companies, extended its recent recovery during the past trading week, closing Thursday at approximately 3,631.85. The move reflected a steady accumulation of gains from Monday through Friday, positioning the index near recent highs despite ongoing global market uncertainty.

Consistent Weekly Advance Lifts Market Confidence

Trading in the TA-35 was marked by a gradual but persistent upward trend throughout the week. After opening near the 3,595 area earlier in the period, the index advanced in a series of higher lows, culminating in a weekly gain of roughly 3.57%. The ability to hold gains into the end of the week suggested improving investor confidence in Israeli large-cap equities.

Unlike more volatile global benchmarks, the TA-35 showed relatively contained intraday swings, highlighting its defensive characteristics. Heavyweight components, particularly in the banking and insurance sectors, provided stability, while select technology and industrial names added incremental upside. The index’s performance contrasted with weaker sentiment in some overseas markets, underscoring local resilience.

Local Factors and Global Context

Domestic considerations played a key role in shaping market behavior. Israeli investors appeared encouraged by the absence of negative surprises on the macro front, while expectations of stable monetary conditions supported equity valuations. Although geopolitical risks remain part of the background, they did not materially disrupt trading during the week.

From a global perspective, the TA-35’s advance came as major U.S. and European indices experienced choppier conditions. This divergence highlighted the index’s role as a regionally focused benchmark, driven more by domestic fundamentals than by short-term global risk-off moves. For international and Israeli investors alike, the week reinforced the importance of diversification across markets with differing macro drivers.

Technical Levels and Market Positioning

Technically, the TA-35 moved closer to the upper boundary of its 52-week range, which tops out just below 3,650. The index briefly tested this zone before consolidating, suggesting that resistance remains active but increasingly under pressure. The broader trend over recent weeks points to strengthening momentum, with the index well above its prior support levels near 3,550.

Market positioning indicates selective optimism rather than aggressive risk-taking. Volumes remained moderate, implying that gains were driven by steady inflows rather than speculative surges. This measured advance may enhance the durability of the trend if supported by continued earnings stability among index constituents.

Looking ahead, attention will turn to corporate updates, local economic indicators, and broader global sentiment. A sustained break above current resistance could reinforce bullish technical signals, while renewed global volatility or domestic uncertainty could test recent gains. For now, the TA-35’s weekly performance suggests a cautiously constructive outlook, with investors closely monitoring whether momentum can be maintained into the coming weeks.