Israir is undoubtedly the main beneficiary of last week’s flydubai horror flight to Israel. Since news of the serious incident broke, shares in the Israeli airline have surged dramatically on the Tel Aviv Stock Exchange. On Monday, at the start of the trading week, the stock was up about 5%, after rising more than 7% at its peak.
Last week alone, over roughly two and a half trading days from Wednesday through Friday afternoon, Israir shares jumped by nearly 14% following reports of the flight.
At the same time, El Al shares, which also posted impressive gains in the wake of the same incident, were down about 1% Monday. El Al had opened the day with gains of more than 2%, but those were completely erased. Before the start of this week’s trading, El Al had risen just over 12.5%.
The foreign exchange market is also feeling the significant impact of the severe unrest in France, amid concerns over political paralysis that could prevent the French government from implementing €54 billion in spending cuts in the 2027 budget and leave the country’s debt crisis unresolved, according to Calcalist.
Police at a demonstration outside a high school in Paris, over the weekend
(Photo: Sarah Meyssonnier/Reuters)
In global markets, the dollar index against major currencies rose 0.5% to 102.5 points. The euro fell 0.7% and traded below $1.12, while the pound slipped 0.3% to around $1.32. In Japan, the dollar rose 0.2% to 158.1 yen.
In the local market, the euro also posted a sharp decline in morning trading, though most of the drop was later erased, with the European currency trading at around 3.43 shekels. The dollar was relatively stable at around 3.05-3.06 shekels.