Full coverage· Economy· Updated
Tel Aviv Stock Exchange Plunges Post-Election Amid Political Uncertainty
The Tel Aviv Stock Exchange has seen sharp declines since the elections, with major indices and the banking sector experiencing significant losses due to political uncertainty. Despite the downturn, foreign investors have net-purchased nearly 900 million shekels in Israeli stocks, particularly in the financial sector.
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What happened
- 01Tel Aviv Stock Exchange indices and banking sector plunged amid post-election political uncertainty.
- 02Foreign investors net-purchased nearly 900 million shekels in Israeli stocks since the elections.
- 03Israeli institutional investors sold bank and insurance stocks, favoring tech and real estate.
- 04Construction and insurance sectors saw declines of around 16% since the elections.
- 05Mutual funds experienced net sales of approximately 470 million shekels.
Conversely, Israeli institutional investors have sold bank and insurance stocks, favoring technology and real estate companies that operate more internationally. The market remains under pressure from concerns about coalition formation and an elevated risk premium for Israel.
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