2024-08-25 16:40:31
Rockets fall, investors place bets. Not only did Israel’s stock market not close after Hezbollah’s rocket barrage, it is posting gains after a large-scale attack by the terror group appears to have been averted.
Since the start of the session on Sunday, the Tel Aviv Stock Exchange has seen its main indices move upwards.
The blue chips Tel Aviv 35 index recorded a rise of 0.77%, while the TA-125 showed a similar rise (0.76%).
Israel – Hezbollah: Who finally struck first?
The TA-90 index, which tracks the largest capitalization stocks outside the TA-35, is up 0.64%.
Tel Aviv Stock Exchange up as Israel says it thwarted massive Hezbollah attack https://t.co/Nt5h8ZrIAQ
— The Times of Israel (@TimesofIsrael) August 25, 2024
The expectations
“Markets are looking ahead and are optimistic that there will be no escalation and generalized conflict,” Jonathan Katz, chief economist at Leader Capital Markets, told Channel 12.
He added that there was satisfaction that the Israeli air force had succeeded in thwarting Hezbollah’s plans for a large-scale attack in the center of the country, as well as moderate optimism about the ceasefire negotiations in Gaza.
All developments first from the live blog of Nautemporiki.