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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001324290</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2018</periodOfReport>
    </filerInfo>
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    <coverPage>
      <reportCalendarOrQuarter>12-31-2018</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Altshuler Shaham Ltd</name>
        <address>
          <ns1:street1>19A Habarzel Street</ns1:street1>
          <ns1:street2>Ramat Hahayal</ns1:street2>
          <ns1:city>Tel Aviv</ns1:city>
          <ns1:stateOrCountry>L3</ns1:stateOrCountry>
          <ns1:zipCode>6971026</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-18756</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Ran Shaham</name>
      <title>Co-Chief Executive Officer</title>
      <phone>972-73-233-1547</phone>
      <signature>/s/ Ran Shaham</signature>
      <city>Tel Aviv</city>
      <stateOrCountry>L3</stateOrCountry>
      <signatureDate>02-11-2019</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>3</otherIncludedManagersCount>
      <tableEntryTotal>292</tableEntryTotal>
      <tableValueTotal>2271821</tableValueTotal>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <name>Altshuler Shaham Mutual Funds Management Ltd.</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>2</sequenceNumber>
          <otherManager>
            <name>Altshuler Shaham Provident Funds &amp; Pension Ltd.</name>
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          <sequenceNumber>3</sequenceNumber>
          <otherManager>
            <name>Altshuler Shaham Owl, Limited Partnership</name>
          </otherManager>
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