2024-07-22 01:54:07
The Tel Aviv Stock Exchange suffered heavy losses immediately after the start of trading, due to fears of a Houthi response to the attack on the port of Hodeidah. The “TA 90” index fell by 1.5%, and the “TA 125” index fell by 1.3%, which are considered the main indices on the Tel Aviv Stock Exchange.
The stock exchange recorded sharp declines in several stocks, as the “Chesk” stock fell by about 5%, the “Ferion” network stock by 4.5%, and the “Electra Consumer” company stock by 4%.
The Hebrew channel “Kan” confirmed that Israel is preparing for a long-term conflict with the Houthis after targeting the port of Hodeidah in Yemen recently.
Israeli Transportation Minister Miri Regev held an emergency meeting last night, Saturday, in which she discussed the possibility of the Houthis launching strikes on strategic and vital facilities linked to the ministry in Israel, in response to the raids on the port of Hodeidah.
Earlier, Israeli military spokesman Daniel Hagari said that air force planes raided the port of Hodeidah in Yemen “in response to Houthi attacks over the past nine months.”
In turn, the Israeli newspaper Maariv quoted the CEO of the Eilat Port, Gideon Golber, as saying that “work in the port has completely stopped due to the inability of ships to reach the port due to the attacks of the Ansar Allah group (Houthis) in the Red Sea.”
He added, “As of November 2023, the port was closed due to the ongoing crisis in the Red Sea, and its activities were transferred to the ports of Ashdod and Haifa, and a large number of workers were laid off.”
Golber confirmed that the port’s losses amounted to 50 million shekels, or about 14 million dollars, and could increase if Israel does not take measures with its allies to stop the attacks.
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2024-07-22 01:54:07