Iran Missile Shatters Tel Aviv Stock Exchange

Arabian Post

5 hours ago

Arabian Post Staff -Dubai
A ballistic missile launched by Iran struck the Tel Aviv Stock Exchange building in Ramat Gan on 19 June 2025, inflicting substantial structural damage in the heart of Israel's financial district. This incident occurred amid a coordinated barrage that also hit key civilian infrastructure elsewhere, including Soroka Medical Centre in Be'er Sheva, intensifying already volatile regional tensions.
Sirens wailed across central and southern Israel as air defence systems engaged waves of inbound missiles. Between 20 and 30 ballistic projectiles were reported, an escalation surpassing previous exchanges earlier this monthꟷnotably those on 15 and 16 June, which injured dozens and damaged residences in Tel Aviv, Bat Yam and Haifa. This latest salvo targeted multiple urban areas, with at least 32 civilians confirmed wounded by Magen David Adom teams, some in serious condition.
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The stock exchange structure, known as Birsa, sustained extensive facade damage and shattered windows, with parts of surrounding offices impacted. Video footage circulated online showing debris falling from upper floors into streets below. Emergency crews were deployed immediately to evacuate employees and assess structural integrity, though no fatalities were reported at the site.
In parallel, Soroka Medical Centre at Be'er Sheva—Israel's principal hospital serving around one million residents with more than 1,000 beds—was also struck. Footage and eyewitness reports confirmed significant damage: roof collapse in some wards, shattered glass across corridors and injuries among both patients and medical staff. Hospital officials imposed strict access controls, advising the public to avoid the area as emergency protocols were activated.
Israel's air-defence systems, including Iron Dome and Arrow batteries, intercepted many of the missiles but failed to prevent all impacts. Some missiles penetrated defences and struck densely populated neighbourhoods, damaging residential high-rises and injuring civilians. This pattern marks a troubling shift. Previous intercepts had been more successful, but the latest strikes have underscored vulnerabilities in urban protection.
The missile offensive came as retaliation for Israel's strikes on Iranian nuclear facilities. Earlier on 19 June, Israeli aircraft reportedly struck the heavy-water reactor at Arak and a related plutonium-production component, in what the Israeli government called efforts to disrupt Tehran's nuclear capabilities. Iran's state media countered that the reactor had been evacuated in advance and there was no radiation leak.
Prime Minister Benjamin Netanyahu publicly condemned the missile strikes on Israel's financial hub and its hospital network, accusing Iran's leadership of targeting civilians and vowing that Tehran 'will pay the full price'. Defence officials say that Iran deployed over 25 missiles targeting Israeli urban centres during this wave.
Humanitarian services are stretched thin. Magen David Adom paramedics reported at least 32 people with injuries ranging from shock and minor shrapnel wounds to serious trauma in Be'er Sheva and Tel Aviv. Hospitals near strike zones have diverted critically ill patients and limited admissions to emergencies, raising concerns over the continuity of essential health services.
Economically, the assault on the stock exchange reverberated across markets. While share trading has continued, operational disruptions occurred as staff evacuated and investigations into building safety commenced. Analysts note that the financial centre embodies Israel's economic resilience, but warn that repeated infrastructure targeting injects uncertainty into investor sentiment.
As missiles fly in both directions, global powers are watching warily. US President Donald Trump indicated possible military support for Israel pending internal approval, while European leaders called for restraint and emphasised the potential for diplomatic channels. The International Atomic Energy Agency has voiced alarm over Iran's uranium enrichment practices, now exacerbated by military confrontations sparked by retaliatory airstrikes.
Israeli authorities warn that this may be Iran's most sustained attack yet, burning through long-range arsenal previously reserved for strategic military targets. Intelligence assessments suggest Iran is deploying missiles intensively—over 400 since the conflict's escalation—though only a fraction have struck urban centres.
With civilian infrastructure clearly in the crosshairs, the stakes are escalating dangerously. Analysts warn that further strikes on hospitals, markets or cultural institutions may invite stronger Israeli countermeasures, potentially widening the conflict. For now, cities remain on high alert as missiles continue to disrupt daily life and rattle the foundations of an already tense Middle East.