Global markets took a beating, and oil prices surged over 90 dollars per barrel as the Iran war raged on. However, Israel's markets defied the broader global gloom.


Israel's Stocks and Currency Surge Even as Iran War Rages 

Increasing dividend payment expectations and soaring domestic demand suggest that a bull rally in India's oil and gas companies has more legs to run. The Nifty energy index — a local benchmark for the industry — has surged 31 percent this year. The index is set for a record nine-year winning run. Half of the top ten performances on a Bloomberg measure of the world's 124 mid- to large-sized energy businesses over the period were conventional energy firms from India. The gauge as a whole gained 4.7 percent.

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Israel's Stocks and Currency Surge Even as Iran War Rages

World-beating stocks rally in focus