The Israel TA-35 index rose by 0.3%, and the stock price of defense company Elbit Systems soared.

As defense supplier Elbit Systems Ltd continued to rise, the Israeli benchmark stock index erased losses and rose to intraday highs. The Tel Aviv Stock Exchange 35 index, which had fallen 1.5% at one point, ultimately rose 0.4%. Elbit Systems Ltd, which produces rockets and drones for the Israeli military, saw its stock price increase by 6.1%.