Shekel

The Tel Aviv Stock Exchange rallied sharply, with sentiment improving, thanks to a perceived easing of threats from Hezbollah and Iran, as well as strong corporate results led by the financial sector.

The Beit She'an Juvenile Court indicted the 15-year-old boy who stole approximately 4,500 shekels from one synagogue and is linked to a break-in at a different synagogue in the city.

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Bond prices increased as much as 0.2% on Sunday. The shekel does not trade on Sunday but it has rallied from 3.61 per dollar on June 11 to 3.48 on Friday and is up some 1% this month.

This move could effect the collapse of the PA.

Magistrates’ Court Judge Anat Choleta found that the defendant exploited Bank Hapoalim’s “Deposit Envelope” service to commit fraud totalling nearly NIS 1 million.

The TA-90 fell by 4.5%, TA-35 fell by 3.3%, TA-125 fell by 3.4%, and the banks index fell by over 6.5%, which also followed a sharp depreciation of the shekel on Friday.

Israel’s shekel fell up to 0.5%, and stocks dropped 1.2% as renewed Gaza strikes ended a fragile ceasefire, raising economic and humanitarian concerns.

While Israel’s wages climbed in 2024, January 2025 data signals real wage erosion amid rising inflation and tax increases.

The shekel continues to trade at its strongest levels against the dollar since early 2023.