Tel Aviv's TA125 Stock Index Reaches All-Time Record High

Good news for investors tracking the Tel Aviv Stock Exchange: The main TA-125 index, which tracks 125 of the largest companies, just hit a new all-time high. On Sunday, the index climbed by 1.0%, marking a significant milestone for the Israeli market. This positive movement on the exchange followed recent actions by the United States. The US carried out strikes in Iraq and Syria against groups linked to Iran's Revolutionary Guard. These strikes were in response to a drone attack that killed three US soldiers in Jordan the previous weekend. While such events might typically cause market jitters, analysts quoted in reports suggested a different reaction this time. They viewed the US strikes as measured and limited, which helped calm fears of a much larger conflict spreading across the region. This reduced worry contributed to a more confident mood among investors. Adding to the positive sentiment, stocks in Tel Aviv had already been showing strength in recent weeks. This earlier rise was partly driven by hopes for a potential pause in fighting in Gaza. The combination of these factors – eased fears of wider war and ongoing truce hopes – seems to have pushed the TA-125 index to its record peak.