Unusual Trading Patterns and Short-Selling Claims Surrounding Oct 7 Hamas Attack

The Tel Aviv Stock Exchange (TASE) has refuted a report by US researchers suggesting that investors in Israel may have profited from prior knowledge of the October 7 Hamas attack. The TASE stated that the report was inaccurate and its publication irresponsible. The researchers had found significant short-selling of shares leading up to the attack, but the TASE argued that the authors miscalculated the potential short sale profit. The exchange also dismissed claims of unusual activity in exchange-traded funds (ETFs) and short-dated options. Israel's securities regulator is investigating the matter.