Shares on the Tel Aviv Stock Exchange surged to all-time highs yesterday as investors welcomed US President Donald Trump’s plan to end the war in Gaza.
Israel’s main stock market, the Tel Aviv 125 jumped 3.1 per cent, extending a rally that has pushed the index about 30 per cent higher since the start of the year. The gains came after weeks of record-breaking trading in Tel Aviv as markets bet on prospects for regional stability and economic growth.
Meanwhike, the Tel Aviv 35 Index, which comprises the 35 stocks with the highest market value on the Tel-Aviv Stock Exchange, rose 2.8% to close at a record high.
Trading turnover reached more than 5.4 billion shekels (£1.2 billion) in equities yesterday, while the shekel strengthened against sterling, the dollar and the euro.
