Shares of the Tel Aviv Stock Exchange (TASE) surged to a record high of ILA 6,490 apiece during early trading on Sunday, June 22, following reports of U.S. missile strikes on several Iranian locations, including suspected nuclear sites. The sharp rally reflects investor sentiment amid escalating geopolitical tensions in the region.
At the time of reporting, TASE shares were trading at ILA 6,367, up 4% from the previous close of ILA 6,137. The stock opened the session at ILA 6,255, continuing a bullish trend that has persisted over the past week. Since June 16, TASE shares have gained 9.32%, driven by investor optimism despite regional instability.
TA-35 and TA-125 Indexes Also Rally
The broader market mirrored this momentum. The TA-35 Index, which tracks the performance of 35 of Israel’s largest publicly traded companies, jumped to a 52-week high of 2,891, posting a 5.35% gain over the last five sessions. Meanwhile, the TA-125 Index, representing the 125 most highly capitalized Israeli firms, climbed 1% intraday, reaching a peak of 2,931.
These gains come despite rising fears of prolonged conflict in the Middle East.
Escalation in Iran–Israel Conflict
The latest market rally follows heightened military activity in the region. Reports confirmed that the United States launched missile strikes on three Iranian nuclear facilities, marking a significant escalation in the Iran–Israel conflict. U.S. President Donald Trump stated that Tehran “must now agree to end this war,” signaling a potential shift in U.S. involvement after days of speculation regarding its stance.
In retaliation, Iran launched dozens of ballistic missiles at Israel, with explosions reported in Jerusalem and sirens sounding across multiple Israeli cities. The Israeli Defense Forces responded swiftly, attempting to intercept the incoming projectiles, while Israel temporarily closed its airspace following the strikes.
Unconfirmed local reports earlier in the day suggested that Iranian missiles may have struck parts of the Tel Aviv Stock Exchange, although authorities have yet to issue an official statement.
