Shares on the Tel Aviv Stock Exchange plunge amid waves of strikes against Iran and its nuclear program.
The Tel Aviv Stock Exchange’s benchmark TA-125 index drops 2%. The TA-35 index of blue-chip companies is down 2.1%. The TA-90 index, which tracks the shares with the highest capitalization not included in the TA-35 index, falls 1.4%, and the TA-Insurance and Financial Services index dives 3.5%.
The shekel depreciated more than 1% on Friday, trading at around NIS 3.61 per dollar.
Early Friday, Israel targeted Iran’s nuclear facilities and ballistic missile factories at the start of what it warned would be a prolonged operation to prevent Tehran, which vows to destroy Israel, from building nuclear weapons. In response, Iran launched major barrages of hundreds of ballistic missiles and drones at Israel over the weekend.
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