Tel Aviv Stock Exchange hits 52-week high: resilience amid Iran missile strike

Despite Iran's missile attack damaging the Tel Aviv Stock Exchange building on June 19, trading remained unaffected, and the index surged nearly 14% since the conflict escalated. This report explores how geopolitical tensions are impacting global markets, including Indian indices hovering near critical support levels amid ongoing uncertainty.

Sources:
Money+8
Updated 22m ago
Tab background
Sources: ThestreetNews18Moneycontrol+1
The Tel Aviv Stock Exchange (TASE) demonstrated remarkable resilience by reaching a 52-week high of 6,311 points, up 4.26% intraday on June 19, despite a direct missile strike on its building by Iran amid escalating conflict.

Iran launched over 25 ballistic missiles targeting Israel, including the financial hub in Ramat Gan, causing damage but not disrupting trading operations. This surge in the TASE index reflects investor confidence amid heightened geopolitical tensions.

"Despite the direct hit to the financial hub, trading operations remained unaffected, highlighting the resilience of Israel's capital market hub," reports noted.

Since the conflict intensified, the TASE index has surged nearly 14%, or 800 points, with a 3.24% rise over the past month and over 40% growth in six months, underscoring robust market performance despite regional instability.

The missile attacks also struck civilian areas, including Soroka Hospital, with Prime Minister Benjamin Netanyahu warning Iran would "pay a heavy price."

The ongoing Iran-Israel conflict has raised fears of broader regional destabilization and potential global involvement, yet the Israeli equity market, valued at approximately $216 billion, remains strong.

This resilience contrasts with other global markets, which have shown volatility amid geopolitical concerns, highlighting the unique strength of Israel's financial sector during crisis.

Key stats:
- TASE intraday high: 6,311 points (+4.26%)
- Nearly 14% increase since conflict escalation
- 3.24% rise in last month
- Over 40% growth in last six months
- Equity market valued at $216 billion

The Tel Aviv Stock Exchange's ability to sustain operations and rally amid missile strikes signals strong investor confidence and market stability in a volatile geopolitical environment.
Sources: ThestreetNews18Moneycontrol+1
The Tel Aviv Stock Exchange hit a 52-week high despite Iran launching over 25 missiles, including strikes on the exchange building and civilian areas. Trading remained uninterrupted, with the index up 4.26% intraday, reflecting resilience amid escalating Iran-Israel conflict and regional tensions.
Section 1 background
The Headline

Tel Aviv Stock Exchange hits 52-week high despite missile strike

Key Facts
  • On June 19, Tehran launched over 25 missiles into Israel, striking the Tel Aviv Stock Exchange building and causing damage but not disrupting trading activities.MoneycontrolLivemint3
  • The Tel Aviv Stock Exchange index surged to a 52-week high on June 19, rising nearly 14% or 800 points since the escalation of the Israel-Iran conflict.News18Livemint
  • The resilience of Israel's financial hub was demonstrated as the Tel Aviv Stock Exchange continued trading despite missile damage, underscoring the market's robustness amid conflict.MoneycontrolLivemint2
The Tel Aviv Stock Exchange (TASE.TA) has risen 3.24 percent in the last one month, while it has recorded a growth of over 40 percent in the last 6-month period despite tensions with Hamas and Iran.
Moneycontrol
1
"The 24,500-25,000 range for the Nifty is likely to hold till news from the Israel-Iran conflict change for the better or for the worse. If news of deescalation of tensions break, Nifty will break out of the upper band of the range. If the news is about escalation of tensions, particularly relating to troubles in the strait of Hormuz resulting in sharp spike in crude, it would be difficult for Nifty to hold on to the 24,500 support level," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
Money
Money
Iran launched “dozens” of ballistic missiles at Israel on Thursday morning, with “several hits” on civilian areas, an Israeli military official said.
Cnn
1
The missiles Iran has fired at Israel thus far have a range of around 1,800 kilometers (1,100 miles). But, Inbar notes, Iran’s capabilities go farther.
Timesofisrael
1
Iran escalated the cost of war for Israel as Iranian missiles struck the Tel Aviv Stock Exchange building located in the Ramat Gan area in Tel Aviv on June 19.
Thestreet
Thestreet
Defying escalating tensions with Iran and fresh reports of an attack targeting the exchange, the Tel Aviv Stock Exchange surged to a 52-week high today, June 19.
Livemint
Livemint
Market observers anticipate that Thursday's trading will be influenced by international factors, including the Fed's policy decisions and geopolitical developments.
Timesofindia
Timesofindia
All major European stock markets had a negative start on Thursday, with the regional Stoxx 600 index down 0.63% as global investors monitor tensions between Israel and Iran.
Cnbc
Cnbc
Key Stats at a Glance
Number of missiles launched by Tehran
over 25 missiles
1
Tel Aviv Stock Exchange index increase
14 per cent
News18
Tel Aviv Stock Exchange index point increase
800 points
News18
Intraday percentage gain of Tel Aviv Stock Exchange
4.26 per cent
Tel Aviv Stock Exchange 52-week high index value
6311

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Section 2 background
Other Updates

Global and Indian market reactions amid conflict

Key Facts
  • Indian markets showed volatility with the Nifty 50 trading near the 24,700-25,000 range amid global uncertainty and the US Federal Reserve holding interest rates steady.Moneycontrol2
  • Benchmark Indian indices Sensex and Nifty declined in early trade following weak global trends amid the ongoing Israel-Iran conflict weighing on investor sentiment.MoneyTimesofindia
  • The Swiss National Bank cut interest rates by 25 basis points to 0% and supported UBS with $26 billion capital to strengthen the financial system amid global tensions.Cnbc
Section 3 background
Background Context

Escalation of Israel-Iran conflict and nuclear concerns

Key Facts
  • Iran launched dozens of ballistic missiles at Israel, including strikes on civilian areas such as the Soroka hospital in southern Israel.Livemint
  • Iran claimed Israel attacked its Arak heavy water nuclear reactor but reported no major damage from the two projectiles fired at the facility.Cnn1
  • US President Donald Trump demanded Iran's surrender and held a Situation Room meeting while weighing options for US military involvement.CnnMoneycontrol2
  • Iran's Supreme Leader warned of irreparable damage if the US intervenes militarily, maintaining a defiant stance.Cnn1
  • Experts noted that Iran's missiles could theoretically carry nuclear warheads based on payload capacity and warhead compartment size, though Iran has not developed nuclear weapons yet.1
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