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Israel’s ground offensive against southern Lebanon sets back Tel Aviv Stock Exchange

AA / Jerusalem / Mohamed Khabissa

The Tel Aviv Stock Exchange index of the most active companies fell more than 0.6% at the start of morning trading on Tuesday, against the backdrop of the Israeli army’s announcement of the start of its ground operation. targeted” in southern Lebanon.

According to data from the Tel Aviv Stock Exchange, consulted by the Anadolu correspondent, the TASE 35 index, which includes the 35 most active companies in the country, fell by 0.64%, a drop compared to its historic peak of 2,108 points.

In recent days, the index ignored the announcement of the assassination of Hezbollah Secretary General Hassan Nasrallah by Israel and the expansion of the conflict with Lebanon, in the worst tension the region has seen since the war of 2006.

The Israeli army said on Tuesday that the 98th Division had begun “limited and targeted” activities in southern Lebanon, after a night of apprehension of an imminent ground offensive on Lebanese territory by Israel.

Since September 23, Israel has carried out large-scale airstrikes against what it says are Hezbollah targets across Lebanon, killing more than 1,057 people and injuring more than 2,950 others, according to the Lebanese Health Ministry.

Several Hezbollah leaders were killed in these bombings, including Secretary General Hassan Nasrallah.

The international community has warned against strikes targeting the territory of Lebanon, as there is a risk of escalation of the Gaza conflict into a regional conflict.

* Translated from Arabic by Mounir Bennour.

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