Shares on the Tel Aviv Stock Exchange dropped and the shekel weakened this week as investors braced for uncertain times amid renewed fighting in Gaza, raising concerns about the country's finances and economy. The TA-125 index dropped 1.5% and the shekel weakened 0.5%. War costs since the October 7 onslaught have reached NIS 112 billion ($31 billion) and the budget deficit narrowed in recent months. Lawmakers need to pass the 2025 budget by March 31 or trigger new elections.

Original article source: https://www.timesofisrael.com/israeli-shares-drop-as-renewed-hamas-houthi-attacks-fuel-fears-of-prolonged-fighting/
Source Id: 2025-03-666431050