What stands behind the only stocks rising on the TA-35

The Tel Aviv Stock Exchange is falling amid election results, but dual-listed stocks are rising thanks to positive arbitrage gaps from Wall Street. Palo Alto, Tower, Nova, Camtek, and Ormat lead the gains. Pluri jumps about 6% on a strategic agreement in the US.

While the Tel Aviv Stock Exchange reacts with sharp declines to the emerging election results, a handful of stocks are trading in the green. Dual-listed stocks, which trade simultaneously on Wall Street, lead the gains thanks to positive arbitrage gaps after two days of rises in the US led by chip and technology stocks. Among the prominent gainers: Palo Alto Networks, Tower, Nova, Camtek, and Ormat. Outside the TA-35 index, biotech company Pluri surges about 6% following a report of a strategic partnership agreement in the US. Sunflower, a renewable energy company, is also trading higher. The article does not identify persuasion techniques or hidden commercialization.