The trading week at the Tel Aviv Stock Exchange is expected to open in the shadow of continued political uncertainty, along with the continued weakening of the shekel at the end of last week. The government approved a budget, but its details and sections were not published and in fact no approved budget document was presented, so it is not clear to the public what the approved state budget is.
The sharp jump in the dollar will moderate the negative momentum that Wall Street provided last weekend, and the dual shares are returning with a positive gap of 0.2%. At the end of last week, the dollar touched the level of 3.7 shekels in the shadow of the fear of Israel going into a constitutional crisis.
Last Friday trading on Wall Street closed with sharp declines, led by the Nasdaq which lost 1.18%, the Dow Jones fell by about 1% and the S&P 500 index lost 1.05%.
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Although the details of the budget have not been published, what is not included is the limitation of the power of the major importers in Israel, so the Diplomat company is expected to respond positively to the announcement.
Enlight lost 2.7% on Wall Street on the last trading day, and sums up a fall of about 10% since it was issued on the Nasdaq.