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Attack on Israel: The Middle East Stock Exchange loses almost 6.5% on Sunday afternoon

10/10/2023
Source : ORISHAS FINANCE
Categories: General Information

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On Sunday, October 8, the Tel Aviv stock market lost almost 6.5%. Investors reacted but less brutally in other Middle Eastern countries where markets are still open.

Financial centers in the Middle East were shaken when they opened on Sunday by the surprise attack by Hamas on Israel. This boded well for a volatile week for global stock markets. Experts are already anticipating a slight rebound in the price of black gold, while WTI oil had fallen below the threshold of 85 dollars (82.80 dollars) in recent days. As a result, uncertainties about the global economy and the Federal Reserve's monetary policy had weighed on prices

.

As far as the stock markets are concerned, the explosion was quickly felt on the Tel Aviv Stock Exchange, on the other hand. The TA 35 major stock index fell 6.47% on Sunday, after plunging nearly 8% earlier in the day, its biggest drop in trading in more than three years. In the other countries of the Middle East, the main indices also fell, although the decrease was much more limited

.
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