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Tel Aviv Stock Exchange Plunges Amid Post-Election Uncertainty
The Tel Aviv Stock Exchange saw major indices fall significantly on Tuesday, with the TA-35 down 1.81% and the TA-125 down 2.46%. Real estate and construction stocks were hit hardest, dropping over 6% and 8% respectively.
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What happened
- 01Tel Aviv Stock Exchange indices fell sharply Tuesday after resuming trade post-election.
- 02The TA-35 index dropped 1.81%, TA-90 by 4.47%, and TA-125 by 2.46%.
- 03Real estate and construction sectors led the decline, with indices down 6.3% and 8.77%.
- 04Africa Israel Residences and Israel Canada stocks fell over 13% each.
- 05Conversely, TA-Biomed rose 1.09% and Tikun Olam stock surged 23.33%.
However, the TA-Biomed index rose 1.09% and some individual stocks like Tikun Olam surged over 23%. Investors are now closely watching market reactions to the recent Knesset election results.
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