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.