The leading indices on the Tel Aviv Stock Exchange continue to trade in a positive trend, with increases of about 6 tenths of a percent.
Some traders in the India market because there are stocks that trade at a high price but there are also some that do not.
In general, this is a market of lack of alternatives - the strong shekel, low interest rates and zero yields on bonds, including a very low gap between government and corporations. It is estimated that as long as the interest rate environment does not rise - or one of the risks, , Or another unexpected event - the stock market may continue to enjoy elevators.
Meanwhile, the dollar exchange rate traded around NIS 3,118 to the dollar yesterday.
On October 26, the NIS 3.2-dollar checkpoint was breached, and since then the Bank of Israel has not intervened in trading and allowed it to trade at its low level.
The previous break in the support line from NIS 3.3 to NIS 3.2 was at the beginning of the year.
In 2019, the dollar traded around NIS 3.7 per dollar.
The euro is also losing ground against the shekel and is currently trading at around NIS 3.6 per euro, after breaking down the support line of NIS 3.7 per euro on October 28.
At the beginning of the current year, the euro traded around NIS 4, and in 2019 around NIS 4.2 per euro.
At a press conference held yesterday (Thursday), the Governor of the Bank of Israel, Prof. Amir Yaron, said that the indices in the economy are encouraging.
This is in contrast to last year, when the bank aggressively intervened in trading to moderate the strengthening of the shekel.
As you may recall, last year the Bank of Israel issued an a priori decision, according to which it will purchase $ 30 billion a year, and later clarified that this is a minimum amount.
But now it seems that the Bank of Israel strives to moderate inflation more than it strives to moderate the shekel.