A Palestinian man stabbed an Israeli teen outside Jerusalem’s Old City early Sunday morning, in the second such attack in the past day.

The suspected assailant was reportedly shot dead by Israeli security forces.

The 15-year-old victim, later named as Moshe Malka, was moderately injured and received treated on site by paramedics. He was taken to Jerusalem’s Shaare Zedek Hospital in stable condition with wounds to the chest and back.

The attack took place near the Old City’s Damascus Gate.

Israeli police stand near the body of a Palestinian terrorist who stabbed an 15-year-old Israeli outside Jerusalem'’s Old City on October 4, 2015. (Flash90)

Israeli police stand near the body of a Palestinian terrorist who stabbed an 15-year-old Israeli outside Jerusalem’’s Old City on October 4, 2015. (Flash90)

The attacker reportedly fled the scene after stabbing the teen. A video posted online appeared to show him several hundred yards from the site of the attack, on the light rail tracks, where he was shot by police officers.

Hamas media identified the suspected stabber as Fadi Aloon, a resident of the East Jerusalem neighborhood of Issawiya. In a Facebook post from an account attributed to Aloon he expressed his intent to become a martyr (shahid) and entreated God to forgive for his sins.

Prime Minister Benjamin Netanyahu, who had just taken off for Israel around the time of the stabbing early Sunday morning, told reporters that Israel would “launch a severe offensive against Palestinian terrorism.”

He was set to travel directly to the IDF headquarters in Tel Aviv upon his arrival in Israel on Sunday, and convene a security cabinet meeting to discuss the spike in terrorist attacks.

Sunday’s early morning stabbing came just hours after Nehemia Lavi and Aharon Bennett were killed in a terrorist attack in the Old City on Saturday night, and Benet’s wife and child were injured.

The Palestinian terrorist was identified as Muhanad Shafeq Halabi, 19, from al-Bireh, near Ramallah in the West Bank. He was shot dead by police.

Benet’s wife was in serious condition and their two-year-old baby was lightly wounded. The mother was taken to Hadassah Hospital Ein Kerem and is undergoing surgery. The toddler was taken to Shaare Zedek Medical Center for treatment where he remains in stable condition.

Just two days earlier on Thursday night, two Israelis were shot dead in their car in the West Bank in a terrorist attack claimed by the Fatah movement’s armed wing.

In response to the attacks, Israel Police limited entrance to the Old City of Jerusalem to Israeli citizens, business owners, residents and tourists for the next two days. Entrance for Muslim worshippers was limited to men over the age of 50, and access was limited the Lion’s Gate, closest to the Temple Mount.