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    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0001634208</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
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      <periodOfReport>03-31-2016</periodOfReport>
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      <reportCalendarOrQuarter>03-31-2016</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Analyst IMS Investment Management Services Ltd.</name>
        <address>
          <ns1:street1>46 Rothschild Blvd</ns1:street1>
          <ns1:city>Tel-Aviv</ns1:city>
          <ns1:stateOrCountry>L3</ns1:stateOrCountry>
          <ns1:zipCode>66883</ns1:zipCode>
        </address>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-16827</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Itzik Shenidovski</name>
      <title>CEO</title>
      <phone>972-3-7147147</phone>
      <signature>/s/ Itzik Shenidovski</signature>
      <city>Tel Aviv</city>
      <stateOrCountry>L3</stateOrCountry>
      <signatureDate>05-05-2016</signatureDate>
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          <sequenceNumber>1</sequenceNumber>
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            <cik>0001634147</cik>
            <form13FFileNumber>028-16826</form13FFileNumber>
            <name>Analyst Provident Funds Ltd.</name>
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