Israel-Iran war: Tel Aviv shares snaps five-days gaining streak amid Middle East tensions, falls less than 1%
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.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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