Tel Aviv shares fall again after U.S.-Iran deal announcement

Following the announcement of an agreement between the United States and Iran, trading on the Tel Aviv Stock Exchange opened lower again, with the market down by about 1%. The TA-35 index fell 0.8%, the TA-125 dropped 0.9%, and the TA-90 declined 1.1%.

Banking shares have been especially weak this month. The broad banks index has fallen 7.7% since the start of the month.

The sharpest losses were in infrastructure and energy-related indices. The Infrastructure and Energy index fell 6.04%, the Cleantech index dropped 5.31%, and the TA Israel Energy index lost 4.53%.

Chip stocks were relatively resilient and helped limit the decline. Tower Semiconductor, Nova and Camtek held up better, supported by the global momentum in artificial intelligence.