Israeli stocks have surged to record highs during the country’s war with Iran, as investors bet that Israel will emerge from the conflict more secure.
Tel Aviv’s blue-chip TA-35 index has risen 6.8 per cent since Israel first launched strikes on Iran in the early hours of June 13, and hit a fresh record after the US bombed Iranian nuclear facilities on Sunday.
The TA-35 and the broader TA-125 — which has risen 8 per cent over the period, hitting a record high after Tuesday’s ceasefire — are the two best performing equity indices across Europe, the Middle East and Africa over the past month.
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