The Israeli shekel surged on Thursday after US President Donald Trump announced that Israel and Hamas had agreed to a ceasefire and signed the first phase of a deal to end the deadly two-year long war in Gaza.
On Thursday, the Tel Aviv 35 Index rose 2.29%, to 3,276.85 points; the Tel Aviv 125 Index rose 2.86%, to 3,358.13 points; and the BlueTech Global Index rose 2.19%, to 579.19 points. The TelBond 60 corporate bond index rose 0.35%, to 413.34 points. Turnover totaled NIS 4.49 billion in equities, and NIS 2.86 billion in bonds.
The shekel also strengthened on the foreign exchange market, with the shekel-US dollar exchange rate set at NIS 3.2420/$ and the shekel-euro rate set at NIS 3.7635/€.
Earlier in the week the Tel Aviv Stock Exchange Research Unit said that all the leading stock indices reached all-time record highs. Since US President Trump unveiled his peace plan for the Gaza Strip on September 29, the Tel Aviv 35 Index has risen by some 5.2%, the Tel Aviv 125 Index has risen 5.8%, and the Tel Aviv 90 Index has risen 7.7%.
On Sunday, the Tel Aviv 35 Index was up 1.96, and the Tel Aviv 125 Index was up 2.22%. The Real estate Index was up 3.36%.
The top advancers Sunday were Priortech, up 8.78%; Camtek, up 7.29%; Shikun & Binui, up 6.03%; and Bet Shemesh Engines, up 6.01%. Bet Shemesh Engines announced a follow-on 15-year contract worth $1.2 billion to supply parts to "one of the leading aero-engine manufacturers (OEM) in the world." The customer has an option to extend the contract by a further five years. If the option is exercised, the deal will be worth an additional $400 million.
Not all stocks were being buoyed by the tide of optimism on the security front. Nice is down 5.80%, and Aryt is down 4.14%. The banks are fairly flat. Elbit Systems is up 1.35%.