The Tel Aviv Stock Exchange opened its doors after the Palestinian movement Hamas announced on Saturday the start of a military operation in Israel. The TA-35 stock index, which tracks the dynamics of the quotes of the 35 largest issuers in Israel, fell 3.72% at the beginning of trading.
At 14:20 Moscow time, the drop in the TA-35 index is already 5.84%. At that time, the benchmark TA-125 index had fallen 5.76%.
Photo: TradingView
The TA-90 index, which tracks larger-cap stocks not included in the TA-35 index, fell 5.62%.
Earlier, Israeli Prime Minister Benjamin Netanyahu said war with Hamas would take time and be difficult for his country, and the cost would be “unbearable.”
The Federal Air Transport Agency, “due to the unstable political-military situation” in Israel, introduced restrictions on night flights to the country from Russian airports from 03:00 on October 8 “until further notice.”
Cover photo: Teo K / Shutterstock
Author:
Akhmed Sadulayev
Source: RB
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