The main Israeli stock indices fell as investors closely monitored the anticipated Yemeni response to the Israeli aggression on civilian facilities in Hodeidah, western Yemen.
According to The Times of Israel, shares on the Tel Aviv Stock Exchange dropped on Sunday after an Israeli strike on the Hodeidah port in western Yemen on Saturday.
The site reported that the Tel Aviv Stock Exchange’s benchmark TA-125 index and the TA-35 index of blue-chip companies on Sunday both fell by almost 1 percent at the close in Tel Aviv after slumping as much as 2% over the course of the trading day.
The TA-90 index, which tracks the shares with the highest capitalization not included in the TA-35 index was down 1.4%. The TA-Construction index declined 2.1% and the TA-Biomed index dropped 1.9%. On Friday, the shekel weakened 0.7% against the dollar trading at 3.66.
The site noted that on Sunday, the Israeli Air Force was on high alert for reprisals in anticipation of retaliatory attacks in response to the airstrike on the Hodeidah port, which targeted fuel tanks and a power station. The Yemeni Armed Forces have vowed a firm response against the Israeli entity.
For over nine months, Yemen has been engaged in the the Battle of the Promised Conquest and the Holy Jihad in support of the Palestinian people, who are undergoing a genocidal war in the besieged Gaza Strip at the hands of the Israeli entity.
Sana’a has imposed a blockade on Israeli shipping, preventing ships from reaching the Israeli entity, leading to the bankruptcy of the Eilat port and the dismissal of more than half of its workers, as well as rising prices and shortages of goods in the Israeli market.
Sana’a has confirmed its commitment to continuing operations against the Israeli entity and its allies, the United States and the United Kingdom, until the aggression ceases and the siege on the Palestinian people in Gaza is lifted.
