Shares on Tel Aviv Stock Exchange rise after Israel-Iran ceasefire announcement

Sharon Wrobel is a tech reporter for The Times of Israel

Shares on the Tel Aviv Stock Exchange gain, and the shekel appreciates, following the announcement of a bilateral ceasefire between Israel and Iran.

The Tel Aviv Stock Exchange’s benchmark TA-125 index increases 1.6 percent and the TA-35 index of blue-chip companies adds 1.9%. The TA-Construction index is up 1.8%, the TA-Real Estate index jumps 2%, and the TA-Banks index soars 3.7%.

The shekel appreciates 1.5% and trades around 3.39 against the dollar. The local currency gained 2.3% in the past week.

Shares rose over the past week, gaining some 3.2%, after Israel and the US struck Iranian nuclear and military targets.

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