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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
Yahoo
2 days ago
- Business
- Yahoo
Iran strikes Israeli stock exchange in blow to financial hub
Iran strikes Israeli stock exchange in blow to financial hub originally appeared on TheStreet. Iran escalated the cost of war for Israel as Iranian missiles struck the Tel Aviv Stock Exchange building located in the Ramat Gan area in Tel Aviv on June 19. The Israeli stock exchange lies at the heart of the country's economy, where traders can deal in stocks, bonds, mutual funds, etc. The attack comes only a day after a hacking group linked to Israel, Gonjeshke Darande or Predatory Sparrow, claimed responsibility for attacking the largest crypto exchange in Iran, Nobitex. The cyberattack led to a loss of more than $90 million. Earlier, the group also claimed an attack on the data belonging to the Islamic Revolutionary Guard Corps' 'Bank Sepah.' While Israel has a well-connected and highly developed modern economy, the Iranian economy has continued to reel under the effect of global sanctions. As reported earlier, Iran has often relied on crypto for years now as a source of combating economic isolation. The country is also a major hub of crypto mining operations, thanks to its comparatively lower power rates. Finance continues to remain among the most prominent targets in any war, and the Israel-Iran war has proved to be no exception so far. The total crypto market cap has dipped 3% to $3.25 trillion since the latest war began in the Middle East on June 13. As per Kraken, Bitcoin has also declined more than 3% in value since then to trade at $104,803.18 at press time. Ethereum, on the other hand, has slipped around 8% during the period and was trading at $2,524.82 at press time. Iran strikes Israeli stock exchange in blow to financial hub first appeared on TheStreet on Jun 19, 2025 This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared. 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
Hans India
2 days ago
- Business
- Hans India
Israel Stocks Rise to 52-Week High Despite Iran Attack
On June 19, the Tel Aviv Stock Exchange reached a 52-week high, even after an Iranian missile attack. Iran fired 25 missiles at Israel. Some hit a hospital in Beersheba and areas near Tel Aviv. The stock exchange building was also damaged, according to reports. Still, Israel's main indices rose: All Share Index: up 0.5% to 2,574.89 TA-35: reached 2,810.85 TA-125: hit 2,850.08 The TA-125 index has gained 5% since the war began on June 13. Israel's leaders said Iran will face strong action. The army has been ordered to increase strikes. While global markets fell, Israel's market stayed strong, showing investor confidence during the crisis.
Hans India
2 days ago
- Business
- Hans India
Amid Iranian missile strike, Israeli stock market surges to 52-week high
New Delhi: In a striking display of investor confidence, the Tel Aviv Stock Exchange surged to a 52-week high on Thursday, even after Iran launched a fresh missile attack targeting, among other places, the stock exchange building itself. According to local media reports from Israel, Iran fired 25 missiles in a new wave of attacks early Thursday, damaging several sites, including the Tel Aviv Stock Exchange building. Despite this direct hit, the Israeli stock market remained largely unaffected, with investors showing resilience amid escalating tensions between Iran and Israel. The Tel Aviv All Share Index rose 0.5 per cent to reach 2,574, marking its highest level in the past 52 weeks. Other major indices, such as the TA-35 and TA-125, were also trading in the green and hit their respective 52-week highs of 2,810 and 2,850. The TA-125 Index, which represents the largest companies on the Israeli stock exchange, has shown strong gains since hostilities between Iran and Israel intensified on June 13. The index has climbed nearly 5 per cent so far in June. In comparison, it had risen 6.55 per cent in May and 4.53 per cent in April -- reflecting sustained market optimism despite the geopolitical risks. Reports also indicate that the Iranian missile strikes caused damage to a major hospital in southern Israel. In response, Israeli Prime Minister Benjamin Netanyahu issued a strong warning to Iran, saying the Islamic Republic would 'pay a heavy price' for targeting Soroka Hospital in Beersheba. Defence Minister Yoav Gallant also confirmed that the Israeli military has been ordered to intensify its operations against Iran. Meanwhile, an Iranian ballistic missile hit Soroka Hospital in Beersheba, Israel, seriously injuring several patients, doctors, and staff members. In a post on X, the Israeli Foreign Ministry said, 'Soroka Hospital in Beersheba — where Jews, Muslims, Christians, and Arab Bedouins receive care — was just struck by an indiscriminate Iranian ballistic missile. Israel will continue to do what is necessary to protect all its people, from all walks of life.'
Time of India
2 days ago
- Politics
- Time of India
Iranian missiles hit Israeli Soroka hospital & Tel Aviv Stock Exchange; Netanyahu vows harsh payback
Iran launched missile strikes targeting civilian areas in Israel, including Soroka Hospital and the Tel Aviv Stock Exchange, marking a major escalation in the ongoing conflict. Israeli Prime Minister Netanyahu accused Iran of attacking innocent civilians and vowed to extract a 'full price' from Tehran's leadership. The Israeli Foreign Ministry also stated it would do whatever it takes to protect all citizens as tensions with Iran spiral. Show more Show less
