Latest news with #TASE
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First Post
2 days ago
- Business
- First Post
Why Israel stock market surged despite Iran missile attack on Tel Aviv Stock Exchange
The stock market in Israel surged on Thursday as Iran continued its attacks on Israel and even damaged the Tel Aviv Stock Exchange (TASE). In times of uncertainty, the stock market often takes a beating. Why is it different in Israel then? read more Part of an electronic board displaying market data is seen at the Tel Aviv Stock Exchange, Reuters Israel and Iran may at odds, but no one seems to have told that to Tel Aviv's stock market. In fact, the stock market in Israel surged as Iran continued its attacks on Israel and even hit the Tel Aviv Stock Exchange (TASE) with a missile. This came even as Israel's Defence Minister Israel Katz threatened Iran's Supreme Leader Ayatollah Ali Khamenei, saying, 'Such a man can no longer be allowed to exist.' STORY CONTINUES BELOW THIS AD But what happened? And why is the Israeli stock market surging despite the conflict ? Let's take a closer look What happened? The TASE on Thursday surged to a 52-week high. The TASE All Share Index increased 0.5 per cent to hit 2,574.89 points. Read Israel Iran conflict live updates Meanwhile, key indices such as the blue-chip Tel Aviv-35 and the broader Tel Aviv-125 also hit their 52-week highs of 2,810.85 and 2,850.08 respectively. The Tel Aviv Stock Exchange closed at 6,161.00 Israeli Shekels (ILA) today – an increase of around 1.67 per cent since yesterday. Since the conflict began, the TASE is up around 14 per cent. The TA-125, the country's flagship index, is up 5 per cent in June. The index increased 6.55 per cent in May and a 4.53 per cent in April. Why is the stock market at a high? Experts say this shows the underlying investor confidence in Israel's stock market. It also seems as if investors are already looking beyond the conflict with Iran. Israel on Wednesday had moved to ease domestic restrictions imposed on its population over the conflict with Iran in what Defence Minister Israel Katz on Wednesday called a 'message of victory'. 'While we continue our intense fight against Iran until the threats are removed, we will also reopen the economy, ease restrictions, and restore Israel to paths of creativity, activity, and security,' Katz said. STORY CONTINUES BELOW THIS AD Israeli Defence Minister Israel Katz. File image/ Reuters 'This is proof of Israel's economic resilience — even under fire,' Finance Minister Bezalel Smotrich said earlier in the week. Ronen Menachem, chief markets economist at Mizrahi Tefahot Bank, said the market initially reacted to the outbreak of war as well as significant declines on Wall Street on Friday. 'Trading today and in the coming days will likely depend on developments and assessments regarding the continuation of the conflict — its intensity and duration. The stance adopted by the United States will also be significant,' he said. A Finance Ministry official said ultimately eliminating a potential nuclear threat from Iran would be good for Israel and the whole region, but this may require more funding. ' But we are coming into this (conflict with Iran) from a strong position,' the senior official in the Accountant General's office said. 'We have all this liquidity in the domestic market, so we're in a strong position to make this happen right now,' the official said. 'All and all we see the markets are replying … not in a big way. If you look at the shekel-dollar, it's not a crisis.' STORY CONTINUES BELOW THIS AD The official added it was possible rating agencies may view the military escalation as a reason to lower Israel's credit rating, saying: 'It wouldn't surprise me.' Smotrich said the ministry had been preparing for weeks and was ready to ensure economic stability. 'We are ready to respond and adapt as the situation evolves,' he said. 'The Israeli economy is strong, stable, and resilient.' Israel said it had targeted Iran's nuclear facilities , ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response and has launched hundreds of missiles into Israel. With inputs from agencies
News18
2 days ago
- Business
- News18
Tel Aviv Stock Exchange Hit By Missile: All You Need To Know About Israel's Share Market
Last Updated: Despite the strike, trading activities continued uninterrupted; the major index Tel Aviv Stock Exchange (TASE) is up 4.26% intraday on Thursday at its 52-week high of 6,311. Israel Stock Exchange: In a major escalation of geopolitical tensions, Iran fired multiple missiles into Israel on June 19, targeting key cities including Tel Aviv and Be'er Sheva. One of the major sites reportedly hit was the Tel Aviv Stock Exchange (TASE), a key hub of Israel's financial system. According to reports, the stock exchange building suffered considerable damage. However, despite the strike, trading activities continued uninterrupted. The major index Tel Aviv Stock Exchange is up 4.26 per cent intraday on Thursday at its 52-week high of 6,311. Since the escalation of the conflict, the index has jumped almost 14 per cent or 800 points. What Is TASE? Established in 1953 and located in Tel Aviv-Yafo, the Tel Aviv Stock Exchange is Israel's principal securities exchange. It currently lists more than 470 stocks, 900 corporate bond series, over 200 government bonds, and around 1,200 mutual funds. The equity market alone is valued at $216 billion, while the bond market stands at $196 billion. Key Indices on the Exchange TA‑35 Index: Comprises the 35 largest public companies in Israel. TA‑125 Index: A broader benchmark tracking the top 125 firms. Other indices include TA‑90, TA‑SME60, and sector-specific indices like TA‑BlueTech, which focuses on tech and biotech firms. Israel's Market Performance in 2025 The TA‑35 Index is up 17% year-to-date, with 29 of the 35 companies in positive territory. Phoenix Financial leads with a 68% gain, followed by Elbit Systems (62%) and Clal Insurance (54%). The TA‑125 Index has gained 16% so far this year. Aryt Industries tops the list of gainers with a 137% surge, followed by Meitav Investment House (112%) and Next Vision Stabilized Systems (101%). Over the past 12 months, the broader Israeli market has jumped nearly 52%, reflecting strong investor sentiment despite geopolitical volatility. Why TASE Remains Resilient Despite War? The ongoing Iran–Israel conflict has had a mixed but largely resilient impact on the Tel Aviv Stock Exchange (TASE). Initially, indices like TA-125 and TA-35 experienced brief declines due to investor panic and geopolitical uncertainty. However, factors such as limited escalation being priced in, strong fundamentals, central bank preparedness, and upward momentum in certain sectors have helped maintain the stability of the exchange. Bank Leumi Le-Israel BM is the largest publicly traded firm on TASE, with a market cap of $25.18 billion. Close behind are Bank Hapoalim ($22.82 billion) and Elbit Systems ($20.85 billion). Other key players include Teva Pharmaceutical Industries and Mizrahi Tefahot Bank. First Published: June 19, 2025, 15:07 IST
News18
2 days ago
- Business
- News18
Israel's Tel Aviv Stock Exchange Hit By Iranian Missile But Market Surges To 52-Week High; Why?
Despite missile attacks at the building site, traders seem undaunted and optimistic. The major index Tel Aviv Stock Exchange is up 4.26 per cent intraday. Tel Aviv Stock Exchange: Iran launched a series of missile attacks on Israel on Thursday, striking several locations including Tel Aviv and Be'er Sheva. The Tel Aviv Stock Exchange building was notably damaged, as reported by Al Jazeera and other local media. Significant damage was inflicted on the building after Iran fired dozens of ballistic missiles. Despite missile attacks at the building site, traders seem undaunted and optimistic. The major index Tel Aviv Stock Exchange is up 4.26 per cent intraday on Thursday at 6,311. Since the escalation of the conflict, the index has jumped almost 14 per cent or 800 points. Index is now 52-week high. The ongoing Iran–Israel conflict has had a mixed but largely resilient impact on the Tel Aviv Stock Exchange (TASE). Initially, indices like TA-125 and TA-35 experienced brief declines due to investor panic and geopolitical uncertainty. However, factors such as limited escalation being priced in, strong fundamentals, central bank preparedness, and upward momentum in certain sectors have helped maintain the stability of the exchange. Additionally, the strikes targeted a major hospital in southern Israel. Israel's Magen David Adom rescue service reported that at least 32 people were injured from these latest missile attacks. In response, Israeli Prime Minister Benjamin Netanyahu declared that Tehran would 'pay a heavy price" for the missile strike on the hospital in southern Israel. Israel's June 13 airstrikes on Iranian soil have sharply escalated the long-running confrontation between the two arch-rivals. Codenamed Operation Rising Lion, the operation involved dozens of Israeli fighter jets targeting Iran's nuclear infrastructure, missile factories, and top military personnel. Explosions were reported in Tehran and at the Natanz uranium enrichment facility. 'We are at a decisive moment in Israel's history," Israeli Prime Minister Benjamin Netanyahu said in a recorded video message. Meanwhile, Israel's Defence Minister, Israel Katz, announced a 'special situation' as some military officials there confirmed attacks on Iranian nuclear sites. According to Israel's Channel 12, Iran's Armed Forces Chief of Staff Mohammad Bagheri and several senior nuclear scientists may have been killed, though Iran has not officially confirmed the casualties. Iran has issued a stern warning against any potential US involvement in the ongoing conflict with Israel, declaring that 'all options are on the table" should Washington take direct action. The statement from Iran comes amid rising tensions and a deepening regional crisis, with Tehran cautioning that American intervention could escalate. The warning underscores Iran's readiness to respond forcefully if the US is perceived as playing an active role in military operations against it.
Mint
2 days ago
- Business
- Mint
Israel-Iran war: Israel stock market surges to 52-week high despite report of Iran's missile attack on exchange building
Israel stock exchange: Defying escalating tensions with Iran and fresh reports of an attack targeting the exchange, the Tel Aviv Stock Exchange surged to a 52-week high today, June 19. Despite the geopolitical strain, Israel's stock market demonstrated resilience, with investors continuing to buy into local equities amid the uncertainty. Al Jazeera reported on June 19 that the Israeli stock exchange building was damaged after Iran launched 25 missiles in a fresh attack on Israel. Yet, the Tel Aviv Stock Exchange (TASE) surged 3.8% to the 52-week high of 6,291. The Iran-Israel war, which entered its seventh day today, has kept the global stock markets on edge, even as stocks in Israel continue to trade higher.
Yahoo
2 days ago
- Business
- Yahoo
Middle Eastern Penny Stock Highlights For June 2025
As tensions rise in the Middle East due to the ongoing Israel-Iran conflict, most Gulf markets have seen declines, with investors exercising caution amid fears of regional instability. Despite these challenges, certain investment opportunities remain noteworthy, particularly in the realm of penny stocks. Although often considered a relic of past trading days, penny stocks still offer potential value and growth when backed by strong financials. In this article, we explore three such stocks that stand out for their financial strength and potential for long-term success. Name Share Price Market Cap Financial Health Rating Terminal X Online (TASE:TRX) ₪4.629 ₪587.91M ★★★★★★ Menara Ventures Xl - Limited Partnership (TASE:MNRA) ₪2.84 ₪13.05M ★★★★★★ Thob Al Aseel (SASE:4012) SAR3.72 SAR1.49B ★★★★★★ Alarum Technologies (TASE:ALAR) ₪4.032 ₪282.99M ★★★★★★ E7 Group PJSC (ADX:E7) AED1.03 AED2.02B ★★★★★★ Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY1.91 TRY2.06B ★★★★★☆ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.24 AED375.38M ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.31 AED9.78B ★★★★☆☆ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.688 AED418.48M ★★★★★★ Tgi Infrastructures (TASE:TGI) ₪2.377 ₪176.71M ★★★★★★ Click here to see the full list of 95 stocks from our Middle Eastern Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Al Dhafra Insurance Company P.S.C. operates in the insurance and reinsurance sectors across the United Arab Emirates, other GCC countries, and internationally, with a market cap of AED486 million. Operations: The company's revenue is derived from two main segments: AED49.43 million from investments and AED70.61 million from underwriting activities. Market Cap: AED486M Al Dhafra Insurance Company P.S.C. recently reported a net income of AED 28.04 million for Q1 2025, showing a slight increase from AED 26.3 million the previous year, with basic earnings per share rising to AED 0.28. Despite being debt-free and having short-term assets exceeding both short- and long-term liabilities, the company has experienced declining earnings growth over the past five years at an annual rate of 9.7%. The board is experienced with an average tenure of 9.4 years, yet the company's return on equity remains low at 7.8%, alongside unstable dividend records and decreasing profit margins. Click here to discover the nuances of Al Dhafra Insurance Company P.S.C with our detailed analytical financial health report. Examine Al Dhafra Insurance Company P.S.C's past performance report to understand how it has performed in prior years. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Sonovia Ltd. is an Israeli company focused on developing and producing anti-bacterial textile products, with a market cap of ₪6.34 million. Operations: No specific revenue segments have been reported for this Israeli company focused on anti-bacterial textile products. Market Cap: ₪6.34M Sonovia Ltd., an Israeli company with a market cap of ₪6.34 million, remains pre-revenue, generating less than US$1 million. The company reported a net loss of US$2.86 million for 2024, improving from the previous year's loss of US$3.84 million. Despite being debt-free and having short-term assets exceeding liabilities by a significant margin, Sonovia's cash runway is limited to under a year if current cash flow trends persist. The management team is relatively new with an average tenure of 1.8 years, while the board has more experience at 3.8 years on average, amidst high share price volatility and negative returns on equity at -74.88%. Unlock comprehensive insights into our analysis of Sonovia stock in this financial health report. Learn about Sonovia's historical performance here. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Terminal X Online Ltd. operates as an online retailer providing clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenagers under various brands with a market cap of ₪587.91 million. Operations: Terminal X Online generates revenue from its primary segment, Terminal X, amounting to ₪438.47 million, and additional income from Independent Websites totaling ₪50.48 million. Market Cap: ₪587.91M Terminal X Online Ltd., with a market cap of ₪587.91 million, has demonstrated significant growth and financial stability. The company's revenue for the full year 2024 was ₪492.34 million, an increase from the previous year, alongside net income turning positive at ₪25.21 million from a prior loss. Its debt-to-equity ratio has improved markedly over five years, and it maintains more cash than total debt, with short-term assets covering both short and long-term liabilities comfortably. Recent earnings showed continued growth in sales and net income for Q1 2025, while dividends were affirmed at ILS 0.1825 per share for shareholders. Get an in-depth perspective on Terminal X Online's performance by reading our balance sheet health report here. Understand Terminal X Online's track record by examining our performance history report. Access the full spectrum of 95 Middle Eastern Penny Stocks by clicking on this link. Ready For A Different Approach? Rare earth metals are the new gold rush. Find out which 24 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:DHAFRA TASE:SONO and TASE:TRX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
