Tel Aviv Stock Exchange opens with declines across major indices

Trading on the Tel Aviv Stock Exchange opened with declines: TA-35 fell 1.3%, TA-90 fell 0.9%, and TA-125 fell 1.2%. The defense index dropped 1.74%, banking fell 1.21%, and real estate fell 0.41%.

Trading on the Tel Aviv Stock Exchange continues with sharp declines amid political concerns in Israel and the US. The TA-90 index has lost about 10% of its value in seven trading days since the elections, while the TA-35 and TA-125 have fallen by more than 8%. The declines intensified following the Democratic victory in the US midterm elections. However, the two leading indices still maintain a positive return since the beginning of the year: the TA-35 is up about 1% and the TA-125 about 5%. The shekel weakened to a level of 3.17 shekels per dollar, a level not seen since February.