The sell-off in the Israeli stock market has continued for the sixth trading day.

The sell-off in the Israeli stock market has continued for the sixth trading day, marking the longest consecutive decline in 18 months, as investors are growing increasingly concerned about the economic impact of the conflict in Gaza. The Tel Aviv Stock Exchange's TA-35 index dropped by 1.8%, bringing the cumulative decline since September 9 to 4.3%. While stock investors have been pulling out of the market this week, the Israeli shekel and US dollar bonds have remained relatively stable. The European Commission proposed on Wednesday to suspend Israel's preferential trade treatment - meaning that Israel would be subject to the same tariff rates as other countries that do not have trade agreements with the EU. Israeli Prime Minister Benjamin Netanyahu acknowledged in a speech earlier this week that Israel is in an isolated position and emphasized the need to rely on their own strength to resist possible sanctions.