Channel 13Economy
From Sharp Drops to Gains: A Roller Coaster Day on the Stock Exchange After the Ceasefire
Translated & summarized from Channel 13 by baba
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The story in 2 lines · by baba
- The fighting with Iran led to a volatile day on the stock market, with sharp early losses turning into gains after the ceasefire was announced.
- The dollar also rose close to 3 shekels before easing later in the day.
The fighting with Iran directly affected the capital market, which saw an especially volatile and turbulent day. Trading opened with sharp declines, but after the announcement of a ceasefire, the trend reversed and the leading indices closed higher.
At the same time, the dollar surged during the day and came close to the 3-shekel mark, but weakened again as the market stabilized toward the end of the campaign.