TASE falls, shekel weakens after explosions in Lebanon

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Hundreds of Hezbollah members have been seriously injured after the pagers they use for communications exploded, a security source has told “Reuters.”


Hundreds of Hezbollah members have been seriously injured after the pagers they use for communications exploded, a security source has told “Reuters.” According to Arab sources the explosions occurred in the southern Beirut suburb of Dahieh as well in dozens of other locations around the country.

Lebanese media outlet NBN attributes the explosions to Israel claiming that through high-level technology Israel succeeded in sabotaging Hezbollah’s pager communications network. This is the first major event in Beirut since the assassination of Hezbollah commander Fuad Shukr on July 30.

Following the reports of the explosions the Tel Aviv 35 Index, which had been about 0.40% lower today, dipped sharply and is currently down 1.08% at 1997.31 points. The shekel representative rate was almost unchanged today but the Israeli currency is now weakening sharply. The shekel-dollar rate is 1.14% higher at NIS 3.788/$ and the shekel-euro rate is 0.97% higher at NIS 4.210/€.

Published by Globes, Israel business news – en.globes.co.il – on September 17, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.



Explosion in Lebanon credit: X screenshot


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