Benzinga
Published Nov 22, 2023 15:06
Updated Nov 22, 2023 16:10
Israel, Hamas Reach Landmark Agreement After 47 Days Of Bloodshed: 4-Day Ceasefire, Hostage Release
Benzinga - by Piero Cingari, Benzinga Staff Writer.
The Israeli government announced its cabinet’s decision Wednesday on an agreement to secure the release of around 50 hostages from the approximately 240 abducted into Gaza during Hamas’ Oct. 7 attack. This agreement, which includes a four-day ceasefire, also involves the release of Palestinian women and children from Israeli prisons, with the potential for more releases in later stages of the deal.
“I am extraordinarily gratified that some of these brave souls, who have endured weeks of captivity and an unspeakable ordeal, will be reunited with their families once this deal is fully implemented," Biden said.
U.S. Secretary of State Antony Blinken acknowledged the Israel-Hamas hostage deal as a significant advancement while firmly committing to continuing efforts until all hostages held by Hamas in Gaza are released.
Market reactions: Investors have enthusiastically greeted the news of the hostage deal between Israel and Hamas, as evident in a notable rally of Israeli stocks.
On Wednesday, the Tel Aviv 125 index experienced a significant surge, climbing by 1.8%. This marks a continuation of its bullish trend, with gains recorded on six out of the last seven days. The index has now reached heights not seen since Oct. 5.
The iShares MSCI Israel ETF (NYSE:EIS), which monitors Israeli stocks and accounts for the shekel (ILS) performance, closed 0.3% higher on Tuesday. This uptick represents the ETF’s fourth consecutive day of gains.
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Photo via Shutterstock.
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