Israel Securities Regulator Says 'no Significant Trading Abnormalities' In Days Preceding Oct. 7 Hamas Attack
Portfolio Pulse from Benzinga Newsdesk
The Israel Securities Regulator has reported that there were no significant trading abnormalities in the days leading up to the Hamas attack on October 7, according to Reuters.
December 05, 2023 | 7:18 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) is not directly impacted by the news of no significant trading abnormalities before the Hamas attack as reported by the Israel Securities Regulator.
The news indicates that the market operated normally and no insider trading or market manipulation was detected before the Hamas attack. This suggests that the ETF, which tracks the investment results of an index composed of Israeli equities, is likely to remain unaffected in the short term as the news does not pertain to any fundamental change in the Israeli market or the companies within the ETF.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 50