Key Points
JERUSALEM, Dec 5 (Reuters) - The Tel Aviv Stock Exchange said on Tuesday a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas' Oct. 7 attack was inaccurate and its publication irresponsible...
Research by law professors Robert Jackson Jr from New York University and Joshua Mitts of Columbia University found significant short-selling of shares - when investors bet on share prices to fall - leading up to the attacks, which triggered Israel's ongoing war with Hamas...
But the Tel Aviv Stock Exchange (TASE) said the authors miscalculated, since share prices are listed in agorot, which are similar to cents and pence, rather than shekels - putting the potential short sale profit at just 32 million shekels...
Yaniv Pagot, head of trading at the exchange, said that in looking at short interest in Leumi, there was an increase of some 4.5 million shares in the week ending Sept. 21 and it then remained stable...
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