Israel's Central Bank Cuts Key Rate by 25bps to 4.25%
Gaza peace plan boosts investor confidence, driving a significant rise in Israel's stock market.
Gelonghui, September 30 – Following President Trump’s proposal of a plan to end the war in Gaza and bring peace to the region, investor sentiment surged, leading to a sharp rise in share prices on the Tel Aviv Stock Exchange and an appreciation of the Israeli shekel. The benchmark TA-125 index of the Tel Aviv Stock Exchange opened 2% higher in early trading. Since the beginning of this year, the index has risen approximately 30%, repeatedly reaching new highs over the past few weeks amid widespread market expectations that the war may be nearing its end. The TA-35 blue-chip index increased by 1.1%; while the TA-90 index, which tracks stocks with the highest market capitalization outside the TA-35, jumped 3.1%.
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