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The blue-chip TA-35 index has increased by 6.8% since Israel launched its initial attacks on Iran on June 13, reaching its highest point following the U.S. bombing of nuclear facilities on Sunday.
The TA-35 and the larger TA-125, which has increased by 8% during that period, reached new highs on Tuesday following the announcement of the ceasefire. The two indexes have recorded the largest increases in the EMEA region over the last month.
Prior to the conflict, “people were wondering when Israel would strike Iran,” and now “that uncertainty is no longer present,” stated Ronen Menachem, chief economist at Mizrahi Tefahot Bank in Israel. “Investors in Israel and international markets anticipate that the conflict between Iran and Israel will conclude in a manner that eliminates the nuclear danger to Israel,” he added.
The TA-35 has provided investors with over 60 percent returns in the last two years, even amid the challenging conflict with Hamas and ongoing clashes in Lebanon, Syria, and now Iran.
source: bloomberg.com
The TA-35 and the larger TA-125, which has increased by 8% during that period, reached new highs on Tuesday following the announcement of the ceasefire. The two indexes have recorded the largest increases in the EMEA region over the last month.
Prior to the conflict, “people were wondering when Israel would strike Iran,” and now “that uncertainty is no longer present,” stated Ronen Menachem, chief economist at Mizrahi Tefahot Bank in Israel. “Investors in Israel and international markets anticipate that the conflict between Iran and Israel will conclude in a manner that eliminates the nuclear danger to Israel,” he added.
The TA-35 has provided investors with over 60 percent returns in the last two years, even amid the challenging conflict with Hamas and ongoing clashes in Lebanon, Syria, and now Iran.
source: bloomberg.com