The Tel Aviv Stock Exchange opened trading on Tuesday with losses, as leading indices fell between 1.15% and 1.5%. In currency trading, the U.S. dollar strengthened toward the 3-shekel mark, according to i24NEWS.
Trading opened lower on the Tel Aviv Stock Exchange Tuesday morning, with the benchmark indices shedding 1.15%-1.5% in early action. The shekel continued its recent weakening trend against the dollar, which climbed toward the psychologically significant 3-shekel level. The move extends a period of volatility for Israeli markets, which have been under pressure amid the ongoing security escalation. As The Zioneer reported on Monday, markets had already seen sharp losses and the dollar approaching 3 shekels earlier in the week. Tuesday's decline is the latest in a streak of mostly down sessions.
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