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Tel Aviv Market Hits 52-Week High After Iranian Missile Strike

Prime Minister Netanyahu vowed retaliation following missile strikes on Tel Aviv.

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TEL AVIV STOCK

Overview

  • On June 19, Iran launched missiles at Tel Aviv and Be’er Sheva, hitting the stock exchange building and a hospital in southern Israel.
  • The TA-125 index surged 4.26% intraday to 6,311 with trading uninterrupted, marking its highest level in 52 weeks.
  • Since Israel’s Operation Rising Lion began on June 13, the exchange’s major index has climbed nearly 14%.
  • Israel’s Magen David Adom rescue service reported at least 32 injuries from the missile attacks.
  • Prime Minister Benjamin Netanyahu vowed to make Tehran pay a heavy price for strikes on civilian targets as Iran warned that all options remain on the table for U.S. involvement.