Israeli stocks slump in first day of trade since Gaza attack

Israeli stocks skidded Sunday, reeling one day after the surprise attack from Gaza.

The benchmark TA-35 index
fell 7% to 1,703.38 in Sunday morning trade, with every constituent except generic drugmaker Teva Pharmaceutical


Several companies saw double-digit losses including Newmed Energy
an oil and gas explorer; Delek Group
which owns the country’s largest chain of gas stations; and Shikun & Binui
an infrastructure company.

Israeli soldiers were still battling Hamas fights in the streets of southern Israel on Sunday and has launched retaliation strikes on Gaza.

Israeli media, citing rescue service officials, said at least 300 people were killed, including 26 soldiers, while in Gaza officials said 313 people had died. An Israeli military official said hundreds of militants had been killed and dozens captured.

— The Associated Press contributed to this report

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