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The shekel fell, and the Tel Aviv Stock Exchange fell sharply.


Thu 12 Jun 2025 | 07:00 PM
The shekel fell, and the Tel Aviv Stock Exchange fell sharply.
The shekel fell, and the Tel Aviv Stock Exchange fell sharply.
Amir Hagag

Stock indices on the Tel Aviv Stock Exchange declined, and the Israeli shekel also fell against the dollar, amid escalating tensions over the Iranian issue and reports that Israel is considering a military strike against Iran.

NBC reported on Thursday that Israel is considering a military strike against Iran, and is likely to carry out this attack without US support.

The Tel Aviv 35 Index fell 2.19% to 2,676.79 points, and the Tel Aviv 125 Index fell 2.49% to 2,685.76 points. All stocks declined, led by banks.

The shekel exchange rate also fell sharply against the US dollar and the euro.

The shekel lost 1% of its value against the dollar, reaching 3.562 shekels per dollar, and the shekel rose against the euro, reaching 4.105 shekels per euro.

"Foreign exchange markets are experiencing sharp volatility at the start of today's trading, with a sharp decline in the value of the shekel against major currencies," Or Poria Finance Chairman Or Poria told Globes.