The Tel Aviv Stock Exchange opened with modest gains of about 0.5% on Monday, while the shekel continued to strengthen against the dollar, trading at 2.88 shekels per dollar, according to N12.
The Tel Aviv Stock Exchange opened Monday with modest gains of about 0.5%, extending a recent trend of market stabilization following the brief round of fighting with Iran, according to N12. The shekel continued its strengthening trend, trading at 2.88 shekels per dollar, a notable improvement from the 2.97 level seen last week when the currency was under pressure amid the escalation. As The Zioneer reported earlier Monday, the shekel had already strengthened to 2.90 per dollar in early trading, and this latest figure represents a further firming of the local currency. The market moves follow the conclusion of the short military round with Iran, which had driven the shekel close to 3 shekels per dollar last week and caused a sharp selloff in equities. Trading volumes and broader market sentiment remain factors to watch as the session continues.
Source and signal
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