From the Liveblog of
Sunday, July 28, 2024
Tel Aviv Stock Exchange shares drop following deadly Hezbollah rocket attack
Sharon Wrobel is a tech reporter for The Times of Israel.
Shares on the Tel Aviv Stock Exchange drop following yesterday’s deadly rocket attack on the northern Druze town of Majdal Shams that killed 12 children and teens.
The Tel Aviv Stock Exchange’s benchmark TA-125 index falls 2.1 percent and the TA-35 index of blue-chip companies is down 1.8%. The TA-90 index, which tracks the shares with the highest capitalization not included in the TA-35 index plunges almost 3% and the TA-Construction index dives 4%.
Yesterday, 12 children and teens were killed when a rocket hit a soccer field in the northern Druze town in the Golan Heights. The IDF has said that the rocket was an Iranian-made Falaq-1 with a warhead of over 50 kilograms (110 pounds) of explosives.
