The Tel Aviv Stock Exchange's weekly trading session opened with gains Monday morning, driven by the signing of the ceasefire between Israel and Lebanon. Leading indices rose between about 0.4% and 1%, according to N12 market reporter Lior Bacalu.
The Tel Aviv Stock Exchange opened positive on Monday, following the signing of a ceasefire agreement between Israel and Lebanon. According to N12 market reporter Lior Bacalu, the TA-35, TA-125, and other leading indices rose between roughly 0.4% and 1% in early trading.
The gains contrast with a volatile period in which the local market saw multi-day losing streaks and sharp reversals. As The Zioneer previously reported, the exchange snapped a losing streak on Thursday June 18 with a 0.9% gain, and prior to that opened modestly higher on June 15 before turning sharply lower later in the session amid security concerns.
The ceasefire-driven rally also comes after the market was impacted by earlier rounds of conflict with Iran, including a 1.5% plunge on June 8. The current opening indicates investor optimism that the Lebanon ceasefire may stabilize the security outlook, though the sustainability of the gains awaits further trading.
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