Bucking the odds, Israel’s main stock indexes this year broke through multiple record highs despite raging multifront wars, outperforming global peers as local and foreign investors doubled down on investment in Tel Aviv-listed companies.

Already in 2024, the TASE was the world’s fastest-rising stock market — after taking a big plunge at the outbreak of war with the Hamas terror group in October 2023.

Israel’s main stock indexes continued to climb this year, and gains accelerated following the conflict with Iran in June and a ceasefire agreement with Hamas in October.

In 2025, the TA-35 index of blue-chip companies soared 53 percent, the benchmark TA-125 index jumped 52%, and the TA-90 index jumped by about 46% as of the end of trading on December 19, according to the Tel Aviv bourse annual report published on Sunday. During the same period, the S&P 500 and NASDAQ-100 indices in the US increased by 18% and 22%, respectively, and the UK’s FTSE 100 index was up 25%.

“2025 was characterized by the continuation of geopolitical challenges, alongside a gradual economic recovery from the repercussions of the longest war Israel has ever known,” said Sarit Berman, head of research at the Tel Aviv Stock Exchange. “Military superiority and capabilities that Israel demonstrated during the war, as well as........

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