Globes

Israel’s Consumer Price Index (CPI) fell by 0.5% in September in comparison with August 2026, the Central Bureau of Statistics reported this evening. In the twelve months to the end of September, the CPI rose 1.6%. The consensus analysts’ estimate was for a fall of 0.3-0.4% in September, and hence a twelve-month inflation rate of 1.7-1.8%.

It is now official and final: El Al Israel Airlines and Doral Group Renewable Energy Sources have achieved a historic milestone, securing their places in the Tel Aviv Stock Exchange’s flagship index, the Tel Aviv 35, for the first time. The two companies, which were the frontrunners throughout most of the measurement period, will accede to their elevated status in the semi-annual index update, set to take effect in November.

The main indices on the Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.15%, to 4,156.68 points, and the Tel Aviv 125 Index fell 0.07%, to 4,022.23 points. The BlueTech Global Index rose 0.21%, to 604.23 points. The TelBond 60 corporate bond index rose 0.22%, to 427.80 points. Turnover totaled NIS b4.91 billion in equities and NIS 6.07 billion in bonds. In sector indices, the Tel Aviv Biomed Index rose 4.58% and the Tel Aviv Real Estate Index rose 1.76%.

At the end of September, venture capital firm NFX announced a change to its operating model. It will cease raising new capital from external investors, foreign investment institutions and US funds, and will instead focus on managing its existing portfolio. Once the firm has fully allocated the capital raised from its investors, the partners will begin investing from their own personal funds and issuing smaller checks.

Wise Group plc has appointed Eilam as a director, with a view to him becoming chairperson in April. Nearly two years have passed since Barak Eilam stepped down as CEO of Nice (TASE: NICE; Nasdaq: NICE), and he is now set to return to a senior position at another Nasdaq-listed company. British fintech firm Wise Group plc (LSE: WISE; Nasdaq: WSE) has announced that Eilam is joining its board of directors, with the intention of appointing him as chairman.

Following years of severe disruption to Israel’s tourist industry, by the Covid-19 pandemic and by war, Hamat Gader, in the southern Golan Heights, is set to undergo major rehabilitation and expansion. Gal Naor, daughter of Delek Group controlling shareholder Yitzhak Tshuva, is joining as a partner, holding a 70% stake in the company that operates the site.

Zenzap, developer of an AI-based collaborative workplace environment (Multiplayer AI), has raised $44 million in funding in a round jointly led by Bessemer Venture Partners and Lightspeed Venture Partners, alongside an investment from The Garage. The company says that the capital will support its expansion plans: enhancing product capabilities, expanding development and sales teams, and accelerating penetration into international markets.

Zenzap, developer of an AI-based collaborative workplace environment (Multiplayer AI), has raised $44 million in funding in a round jointly led by Bessemer Venture Partners and Lightspeed Venture Partners, alongside an investment from The Garage. The company says that the capital will support its expansion plans: enhancing product capabilities, expanding development and sales teams, and accelerating penetration into international markets.

The main indices on the Tel Aviv Stock Exchange today. The Tel Aviv 35 Index rose 0.79%, to 4,162.77 points, and the Tel Aviv 125 Index rose 0.64%, to 4025.15 points. The BlueTech Global Index fell 0.08%, to 602.96 points. The TelBond 60 corporate bond index rose 0.01%, to 426.88 points. Turnover totaled NIS 4.88 billion in equities and NIS 4.82 billion in bonds. The rises in Tel Aviv were stronger before the release of a higher than expected inflation reading in the US.

Elbit Systems (TASE: ESLT; Nasdaq: ESLT) shares are surging by nearly 8% on the highest volume of trading on the Tel Aviv Stock Exchange today. The company has returned to a market cap of over NIS 100 billion following an announcement by its Swedish subsidiary of the construction of a European production center for laser warning systems (LWS)-its first such facility in Europe. Elbit expects the plant to be operational as early as next year.