🔴 Phoenix Financial is trading 5% down today as Israeli election uncertainty weighs on markets

Phoenix Financial is trading 4.93% lower at ILA 17,920.00, amid country-wide market pressure linked to uncertainty over forming a government after an indecisive Israeli election.

• On October 28, Bloomberg reported Phoenix Financial slumped more than 5%, while the Tel Aviv 125 fell 3.38%.
• No company-specific announcement explaining the decline surfaced.