Israeli Stocks Rise to Record After Trump Unveils Gaza Plan
Israeli stocks rose to a record high, cementing their fifth successive quarterly rally, as investors bet that a 20-point plan agreed to by Prime Minister Benjamin Netanyahu and US President Donald Trump could hasten the end of the war in Gaza.
The Tel Aviv Stock Exchange 35 Index climbed 2.8%, the biggest advance in the world on Tuesday. The gains were led by Teva Pharmaceutical Industries, Phoenix Financial Ltd. and Bank Hapoalim, signaling a broad-based rally. Six out of every seven stocks on the gauge rose, and trading volumes were 46% higher than the 100-day average.