After the left's horror scenarios: the stock market soars at the opening of the trading week

The Tel Aviv Stock Exchange opens the trading week with sharp gains, against the backdrop of economic warnings from left-wing factors following Netanyahu's interview. The TA-35 and TA-125 indices rise by more than 1.5%. Aura acquires Beit Bakfar for NIS 1.7 billion.

The Tel Aviv Stock Exchange opens the trading week with sharp gains, against the backdrop of economic warnings heard over the weekend from left-wing factors following Prime Minister Netanyahu's interview on Channel 10. The TA-35 and TA-125 indices rise by more than 1.5%, the TA-90 index strengthens by 1.3%, and the insurance index surges by more than 3.5%. In the interview on Friday, Netanyahu warned of the possibility of economic and banking sanctions on Israel, and revealed that he had requested the preparation of a plan to deal with them using digital currencies. These remarks raised concerns about damage to the international financial system, but Netanyahu clarified that he was referring to a possible scenario. Meanwhile, Aura announced the acquisition of all shares of Beit Bakfar at a valuation of approximately NIS 1.7 billion, a premium of about 80% over the closing price on Friday. Beit Bakfar's stock jumps by 50%.