Israel stock exchange: Amid rising tensions between Israel and Iran, the Tel Aviv Stock Exchange snapped five-days gaining streak to fall less than a 1 per cent on Monday. The broad Tel Aviv 125 index opened 0.70 per cent down at 2,853.07 on June 23.
On Sunday, Israeli stocks surged to all-time highs following U.S. airstrikes on Iran’s nuclear facilities, which investors believe will delay Tehran’s ability to develop nuclear weapons in the near future.
The broad Tel Aviv 125 index closed up by 1.8 per cent, pushing its weekly gains to nearly 8 per cent, while the benchmark TA-35 (.TA35) rose by 1.5 per cent.
Following Israeli strikes on Iran, stocks climbed throughout all five sessions last week, rising about 6 per cent, as Israel targeted Iranian nuclear and military sites ahead of the unexpected U.S. attacks on Saturday.
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