From the Liveblog of
Sunday, September 22, 2024
Shares fall further on TASE as Israel-Hezbollah violence soars
Add ToI as a Preferred Source on GoogleSharon Wrobel is a tech reporter for The Times of Israel
Shares on the Tel Aviv Stock Exchange decline amid overnight rocket barrages by Hezbollah that are stoking fears of an escalation of fighting between Israel and the Lebanese terror group.
The Tel Aviv Stock Exchange’s benchmark TA-125 index falls 0.8 percent and the TA-35 index of blue-chip companies drops 0.6% amid concerns of a wider regional conflict. The TA-90 index, which tracks the shares with the highest capitalization not included in the TA-35 index, slips 0.4%. The TA-Dual Listing index drops 0.7%.
Overnight and into Sunday morning, Hezbollah fired dozens of rockets at northern Israel while the IDF bombed hundreds of rocket launchers it said the Iran-backed terror group had primed for fire at Israel.
Last week, the TA-35 and TA-90 indices dropped by 2.8% and 3.9%, respectively, while the Dow Jones Industrial Average and the S&P 500 Index in the US rose 1% and 0.4% during the same period.
The Times of Israel Community.