Israel’s TA-35 hits 52-week high as markets brush off Iran’s attack on stock exchange

Iran’s missile attack on the Tel Aviv Stock Exchange building failed to deter the bulls as the frontline index TA-35 hit a fresh 52-week high of 2,811.70 on Thursday, rising by 0.20% over the previous closing.

Around 2 pm India time (11:24 am GMT+3 Israel time), the TA-35 index was trading at 2,810.45, up by 0.18% with 18 gainers and 17 declines in the 35-stock index.

Companies in the defence industry, such as Elbit Systems, were trading with cuts. This stock was down 1.7% around 1:30 pm India time.

The top gainers were Ormat Techno, Enlight Energy, Navitas PTRO PU, HAREL and Phoenix, which were up by up to 3%, while the top decliners were NICE, Elbit Systems, Camtek, Melirson and Israel Corp, which fell up to 3%

The index has rallied 17% in 2025 while its month-to-date gains stand at 4%.

Also read: No Fed rate cut till September? What Powell’s foggy forecast means for stock market investorsThe Middle East crisis has just gotten worse with the Iranian missiles striking the stock exchange building and other targets across Israel. The building has been ‘extensively damaged’ after Iran fired dozens of ballistic missiles.The strike comes after the Iranian missiles damaged the main hospital in southern Israel. Furthermore, Israel’s Magen David Adom rescue service said Thursday that at least 32 people were injured following Iran’s latest missile strikes.

With the air strikes between Iran and Israel entering their seventh consecutive day, Israel’s Prime Minister Benjamin Netanyahu on Thursday accused Iran’s leadership of launching missile attacks on Israeli civilian targets, including a hospital.

“This morning, Iran’s terrorist tyrants launched missiles at Soroka Hospital in Beersheba and at a civilian population in the centre of the country,” Netanyahu wrote in a post on the social media platform X.. “We will exact the full price from the tyrants in Tehran.”


Also read: Reliance Infra shares rally over 1,400% in 5 years. Is there more upside left?

Meanwhile, major Asian indices were trading mixed, with India’s frontline indices trading slightly down. The Nifty index was trading at 24,793.30, 18.75 points or 0.08% lower. Hong Kong’s Hang Seng index and Singapore’s FTSE Straits Times Index were down 1% and 0.7%, respectively, while Japan’s Nikkei 225 was up 1% and China’s Shanghai Composite index was trading flat, albeit with a positive bias.

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