The Israeli Stock Exchange incurred significant losses at the start of trading amid fears of Houthi retaliation for the Al-Hudaydah port strike.
Several Israeli Stock saw sharp declines: Shisec dropped by 5%, Ferion by 4.5%, and Electra Consumer by 4%.
Channel Kan reported that Israel is preparing for a prolonged conflict with the Houthis following the recent strike on Yemen’s Al-Hudaydah port, causing further concerns for the Israeli Stock market.
Israeli Transport Minister Miri Regev held an emergency meeting on Saturday night to discuss the potential Houthi strikes on strategic and vital facilities related to her ministry in Israel in response to the Al-Hudaydah raids.
Earlier, Israeli army spokesman Daniel Hagari said that Air Force planes attacked Al-Hudaydah port in Yemen “in response to Houthi attacks over the past nine months.”
Houthi military spokesman Brigadier General Yahya Saree stated they “will respond to this blatant aggression … and will not hesitate to strike vital Israeli targets … declaring the occupied Jaffa area an unsafe zone.”
The TA 90 index fell by 1.5%, and the TA 125 index dropped by 1.3%, which are the main indices of the Tel Aviv Stock Exchange.
source: lualuatv
