Tel Aviv stocks bound to new high as Gaza deal hopes amp investors
Sharon Wrobel is a tech reporter for The Times of Israel
Israel’s main stock indexes are hitting fresh all-time highs as investors continue to bet on a US-led plan that would see the return of all the hostages held in Gaza and an end to the war in the Strip.
The Tel Aviv Stock Exchange’s benchmark TA-125 index jumps 2.3% in late morning trading in Tel Aviv. The index has soared 34% from the start of the year, with much of the gains coming in the last several days alone. This morning marks the 37th time this year it hit a new record high, according to Tel Aviv bourse data.
“The stock market is in the midst of a rally reflecting the optimism surrounding the deal to end the war in Gaza and return the hostages to Israel,” says Yaniv Pagot, vice president of trading at the TASE. “There is considerable scope for reducing the interest rate, and there is no doubt that the end of the war may accelerate the process.”
The TA-35 index of blue-chip companies rises 1.7%, also hitting a new high. The TA-90 index, which tracks the shares with the highest capitalization not included in the TA-35 index, increases 2.6%. The TA-Construction index soars 4.4% and the TA-Insurance index is up 3.6%.
Since President Donald Trump’s plan for ending the Gaza war was announced on September 29, the TA-35 Index has risen by 5.2%, while the TA-125 Index increased by 5.8%, and the TA-90 Index by 7.7%, according to TASE data.
“A possible interest rate reduction and the expansion of the Abraham Accords may create good conditions for continued upside in the local market,” Pagot adds.
The Times of Israel Community.







