Tel Aviv Stock Exchange surges sharply amid political optimism

Trading on the Tel Aviv Stock Exchange on Friday, November 6, ended with a sharp rise in indices amid reports of the possibility of forming a government in Israel. The TA-35 index jumped 3.09%, the banking index rose 4.48%. The dollar fell to 3.19 shekels after reaching a high since December 2025.

The trading session on the Tel Aviv Stock Exchange on Friday, November 6, ended with a sharp rise in all leading indices amid reports of the possibility of forming a government in Israel. The TA-35 index jumped 3.09%, the TA-125 rose 2.81%, and the TA-90 gained 1.84%. The composite banking index strengthened by 4.48%, the real estate index by 3.1%. The dollar, which earlier in the day reached 3.22 shekels (its highest since December 2025), then declined and fell below 3.20 shekels, settling at 3.19. The euro also fell to 3.57 shekels after reaching 3.60. The rise followed two days of decline: the day before, on November 5, the TA-35 index plunged 3.69%, and the cumulative drop over two days was about 5.6%. A crash also occurred on Wall Street: the Nasdaq fell 5.52%, the S&P 500 4.3%, and the Dow Jones 3.44%. The VIX fear index jumped about 70% to 28 points.