Tel Aviv shares opened sharply higher on Monday while the shekel gained against the dollar in the market's first response to US-Israeli strikes on Iran that began over the weekend.
The blue-chip Tel Aviv 35 index was 4.9% higher at 0905 GMT, while the broader TA-125 was up 5%. Defence firm Elbit Systems gained 6.6%.
The shekel appreciated 1.5% versus the dollar to 3.087, nearing a 30-year high reached last month.