Inventory indices on the Tel Aviv Inventory Alternate are rising strongly this morning following the announcement of a ceasefire between Israel and Iran. After a barrage of missiles early this morning, during which 4 individuals in Beersheva had been killed, the ceasefire largely seems to have taken maintain, though a single missile was fired at northern Israel at round 10:30 as we speak, and the minister of protection has ordered the IDF to reply. The indices fell yesterday after 5 straight periods of rises final week, however as we speak the market seems to be resuming its upward march.
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The Tel Aviv 35 Index is at the moment up 1.54%, the Tel Aviv 125 Index is up 1.73%, and the Actual Property Index is up 3.88%.
The banks are main the rises, with Financial institution Leumi up 2.39%, Financial institution Hapoalim up 2.92%, and Low cost Financial institution up 2.77%. Elbit Methods, nonetheless, is down 3.73%.
As the worth of oil falls sharply following the ceasefire, Navitas is down 7.64%.
On the overseas change market the shekel has strengthened additional, with the change fee in opposition to the US greenback now at NIS 3.4039/$, 1.15% decrease than yesterday’s consultant fee. Earlier this morning, the speed dipped beneath NIS 3.4/$. Towards the euro, the speed is at the moment NIS 3.9325/€, 1.25% decrease than yesterday’s consultant fee.
Commenting on the ceasefire and the overseas change market, Or Poria, founder and CEO of Poria Monetary Planning, stated this morning, “The developments symbolize a following wind for the shekel, which is strengthening considerably in opposition to the basket of world currencies. The change fee in opposition to the greenback, which is beneath stress in opposition to the euro and the pound sterling, has reached a low that testifies to the renewed confidence of buyers in Israel’s monetary stability. Our forecast stays because it was. Within the medium and long run too we estimate that the shekel will proceed to strengthen in opposition to the most important currencies, within the gentle of the removing of the strategic menace, the autumn in Israel’s threat premium, and the dramatic enchancment in Israel’s geopolitical standing.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on June 24, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
