The Israeli stock market surged by 28% in 2024, outperforming global counterparts despite ongoing war
As 2024 comes to a close, the Israeli stock market has reached a 28% overall increase.
The TA-125 stock index shows the increase of the Israeli stock market in 2024 at 28.24%, with a score, as of Dec. 30, of 2421.0 – a 533-point increase this year.
This puts the Israeli stock market at an all-time high.
The Israeli stock market began to drop sharply on Sept. 25, 2023, about two weeks before the Oct. 7 attack.
At the end of October 2023, however, the stock market began to steadily increase.
In mid-September of 2024, the market began to sharply rise and has been rising for the past several months.
The sharp increase is likely due to several successful military operations by the IDF, giving investors increased confidence in the Israeli market.
As Calcalist Tech summarized: “Hezbollah has been significantly weakened, the Assad regime has fallen, and Israel has destroyed much of the Syrian Army – outcomes that exceeded even the most optimistic war scenarios. Investors reacted swiftly to these developments.”
Calcalist further noted that this growth is significantly greater than that of most European markets, as well as that of China and Japan.
Explaining the optimism of investors, the report stated that “major conflicts” in Israel nearly always result in a notable surge in the Israeli stock market.
“Research by the stock exchange shows that after major conflicts – excluding the relatively short Operation Guardian of the Walls – Israel’s stock market typically delivers double-digit returns in the following year, often outperforming the S&P 500.”
The All Israel News Staff is a team of journalists in Israel.
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