NIS 100b flowed into TASE during Iran operation

After six days in a successive circulation of the rise in the main Tel Aviv Stock (Tase), the market decreased yesterday. The sellers may have made profits after sharp gains last week.

However, the cumulative jump, which is about 7 % in the pioneering Telpif -125 index, since the sudden successful attack in Iran on June 13, makes the stomach one of the best performance markets in the world since the beginning of the year (after the South Korea Index, Hungary, Poland and Russia), and the best in the West, with a 19 % return in the index. For comparison, the Wall Street S&P 500 has increased by less than 2 % since the beginning of 2025.

Another result of increases since the start of the Iran process is the increase in the value of knowledge, as companies are trading there (more than 530 in number) in addition to more than 100 billion NIS to their total value since the start of the operation. This value now stands at about 1.4 trillion New.

Upon examining the sectors where the funds flowed, it becomes clear that the Tel Aviv-Portus 5 index, which includes the shares of the five largest banks (for a day, Habwalm, Mizrahai Tifhut, the opponent and the first international), added 31 billion New to its value since the beginning of the operation in Iran-the largest increase in value.

The main reason for this is that foreign investors who seek to be exposed to Israel usually do this by investing in banks, which is a type of mirror for the local economy. Banks have also demonstrated particularly strong results in recent years, partly due to the increased interest rates and inflation.

The Tel Aviv Banks has increased by about 12 % since the beginning of the operation in Iran (and 41 % since the beginning of the year), and the common value of the largest five banks already approaches 300 billion NIS – more than 20 % of the value of the entire securities market.

Real estate also in the foreground

After the bank index, the increase in the value of the residential real estate companies emerges, after it has recorded sharp gains in particular since the start of the operation, in some cases by tens of one hundred. This is against the background of investor evaluation that companies in the industry will demand work to restore war damages and enhance urban renewal projects that include adding new housing units.

The Tel Aviv construction index has increased by about 20 % since the beginning of the operation in Iran, and its total value has been added by 14 billion New in about a week, which is to increase compensation for the decline in the index since the beginning of the year.

There is another sector that enjoyed sharp increases, which is insurance shares, as the Tel Aviv insurance index jumped by 18 % since the beginning of the Iran operation, as it has completed a 57 % jump since the beginning of 2025. The nine insurance companies included in the index (including Phoenix, Harrill, Mainora Mivacheim, and Clal Insurance) added about NIS 12 Bills to its work value.

The Tel Aviv Oil and Gas Index has gained about 12 % since the beginning of Iran’s operation and about 37 % since the beginning of the year, amid the rise in global oil prices in recent days. In the index, the Navitas Petroleum partnership led by Gideon Tadmor, which is developing oil reserves in the Gulf of Mexico, increased by 48 % since the beginning of the year with a maximum of the market of 11.1 billion NIS.

When examining the shares that were the most prominent winners in the AVIV-125 Tel Index since the beginning of the Iran process until Monday afternoon, Menora-Mivatchchim Insurance is in first place, adding about 25 % to its value last week, and trades in the maximum market of 15 billion New.

Below are representatives of the construction and infrastructure sector – the shares of Shikun & Binui, Group Group, INROM and Carasso Real Estate, all with a leap that exceeds 20 % during this period.

“The huge entry into indicators”

Tase EVP, head of trading, indicators and derivatives, notes that in general, last week, a few of the stock indicators recorded exceptional offers. “There are more than 10 indicators that have increased by more than 10 % in this period,” he says.

According to Pagot, the founder investors have identified public savings managers by pouring the demand for knowledge since the beginning of last week. “Day after day, there was a huge flow of hundreds of millions of shekels in investment tools that follow the Tel Abyf 35, Tel Aviv-90 and Tel Aviv-125 indicators. We only started scratching the surface of the potential there.”

In his estimation, “Since the beginning of the year, about 6 billion NIS has been raised in investment vehicles that follow stock indicators on the stock exchange (traded investment funds and investment funds). We are at their peak in collecting donations for these products, which is the way to increase liquidity and exposure to the local stock exchange.”

“We have reached the current situation with a market share of retail investors (the general public) greater than we knew in the past. If we are used to talking about about 5 % to 6 % of the daily rotation on the stock exchange, it may be today twice that.”

When asked if the general public, who used to buy products that follow the S& P 500 index, which has become a great success with Israelis in recent years, it is now easier to buy products that follow the indicators of Tel Aviv, and Pagot answers in positive answers: “We only seek investment.” They have already crossed Robicon. “

Psychology of gains

Pagot, like other experts, says he also deserves to pay attention to the shokel reinforcement against the dollar, which leads the transfer of funds by local investors from Wall Street to Tel Aviv. “There has been an estimate of about 6 % in a shekel against the dollar since the beginning of the year. Most people do not understand the relationship between stock revenues and the exchange rate performance. I can by the end of this year, shekel will be stronger against the dollar, and this affects Israeli investments abroad.”

However, the power of gains on the stomach surprised many of the experts she followed. After all, missile filling from Iran did not stop for one day. Pagot offers a different perspective: “When I woke up on Sunday morning this week and heard that the reactor in Ford was attacked by the United States and may have been destroyed, did you feel that your situation as a country or when a people had improved or became worse?

It was published by Globes, Israel Business News – En.globes.co.il – on June 24, 2025.

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