Tel Aviv Stock Exchange Shares Drop 5% After Record-Breaking Rally
The Tel Aviv Stock Exchange (TASE) has shown remarkable resilience amid the escalating Israel-Iran conflict, particularly following U.S. involvement in June 2025.
Tel Aviv Share Price: Tel Aviv Stock Exchange (TASE) shares snapped the winning streak on Monday to drop over 5 per cent in the opening session. The shares fell to ILA 6,239 with a fall of 5.47 per cent, against the previous day's close at ILA 6,600.
The Tel Aviv Stock Exchange (TASE) has shown remarkable resilience amid the escalating Israel-Iran conflict, particularly following U.S. involvement in June 2025. Despite Iran's retaliatory missile strikes, including an attack that damaged the TASE headquarters, the TASE surged to record highs. On June 22, 2025, the TASE rallied over 5%, reaching an all-time peak of ILA 6,490 before stabilizing around ILA 6,450, driven by investor optimism that U.S. strikes on Iranian nuclear facilities could limit Tehran's nuclear ambitions and contain the conflict.
Over the past five sessions, investors have been bullish on shares of Tel Aviv Stock Exchange. Stocks are up 9.32 per cent since June 16.
The TA-125 Index, tracking the 125 largest companies on the TASE, has gained about 9% in last one month, building on a 6.55% rise in May and 4.53% in April, totaling a year-to-date increase of 16%. Since the conflict's onset, the TA-125 has climbed nearly 14%, or roughly 800 points, reaching a record high of 2,850.08 on June 19.
The TA-35 Index, comprising the 35 largest firms, has also performed robustly, gaining 17% year-to-date and hitting a 52-week high of 2,851.38 on June 19. Since June 13, it has risen about 5%.
In retaliation, Iran has launched its first salvo of ballistic missiles at Israel after the US military conducted airstrikes at three key Iranian nuclear facilities in the early hours of Sunday, marking a dramatic escalation in the West Asian conflict.
Iran's state media said more than 30 ballistic missiles had been fired as sirens rang across parts of Israel, while explosions were heard in Jerusalem. The Israeli Army said it was working to intercept missiles from Iran. Israel had closed its airspace after the US strikes on Iran.
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