The leading indices on the Tel Aviv Stock Exchange are trading with significant declines of up to 2%. The TA-35 index is down 1.8%, TA-125 by 2% and TA-Banks by 2.2%. Two main reasons are causing the declines: The first is a downward correction in insurance company stocks after a significant jump since the beginning of the week, and generally throughout 2025, with the TA-Insurance index falling by more than 5%. The second is Finance Minister Bezalel Smotrich's threat to double the tax he plans to impose on bank profits if they cancel the benefits package for customers they committed to during the war, causing declines in bank stocks.
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