After US Strikes Iran, Tel Aviv Stock Exchange Breaks Record High!

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Tel Aviv Stock Exchange shares hit a record high of ILA 6,490 in the opening session on Sunday, June 22, following the United States (US) government's attack on several nuclear facilities in Iran.


Since June 16, the firm's shares have jumped 9.32% supported by investor confidence that the attack will block Tehran's efforts to develop nuclear weapons in the near future.


The Tel Aviv 125 Index rose 5.35% to a five-session high of 2,891, while the TA-35 rose 1% to a five-session high of 2,891.


After the Israeli attack on Iran, shares rose 6% over the past five sessions following Israel's attacks on Iranian nuclear and military targets, before the surprise US strike last Sunday.


Tensions in the Middle East have escalated following President Donald Trump's announcement that the US had attacked three Iranian nuclear sites, while urging Tehran to end the war amid speculation of US involvement in Israel's bombing campaign.


In response, Iran launched its first ballistic missile into Israel after early Sunday morning strikes by US forces on its three main nuclear sites at Fordow, Natanz and Isfahan.


Meanwhile, bond prices rose 0.2%, while the shekel strengthened from 3.61 to 3.48, recording an increase of around 1%.

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