Uncertainty persists in the Israeli financial market as the international community closely monitors developments in the region, marked by two events: developments in the conflict with Hamas and the Israel Defense Forces' operation, which successfully intercepted a missile launched from Yemen by the Houthis, the second attack against Israel this week.
In response, the shekel weakened for the fourth consecutive day, falling 0,3% to 3,6670 per dollar, and the Tel Aviv Stock Exchange experienced significant losses.
The TA-125 index fell 1,2%, after an initial decline of 0,4%, and the hardest hit sector was the financial sector, particularly insurance, which fell 2,3%.
Bank of Israel Governor Amir Yaron, speaking at an emergency conference in Tel Aviv, urged the government to tighten its budget to counter the negative economic impact of the prolonged crisis.