The Tel Aviv Stock Exchange’s flagship index the Tel Aviv 25 hit an all-time record high Wednesday, closing at 1,344 points and passing the previous closing level of 1,341.89 points set on April 21, 2011, Globes reported.

Similar to Wall Street’s Dow Jones Industrial Average, the Tel Aviv 25 index consists of the largest 25 companies within Israel’s stock market.

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The record by the Tel Aviv 25 follows similar gains by the Dow Jones, which passed the 16,000 point mark for the first time in its 125-year history Monday.

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