The benchmark TA-35 index IL:TA35 fell 7% to 1,703.38 in Sunday morning trade, with every constituent except generic drugmaker Teva Pharmaceutical TEVA, -7.82% lower.
Several companies saw double-digit losses including Newmed Energy NWMD, -0.44%, an oil and gas explorer; Delek Group DLEKG, -4.04%, which owns the country’s largest chain of gas stations; and Shikun & Binui SKBN, -0.10%, an infrastructure company. Israeli soldiers were still battling Hamas fights in the streets of southern Israel on Sunday and has launched retaliation strikes on Gaza.
Israeli media, citing rescue service officials, said at least 300 people were killed, including 26 soldiers, while in Gaza officials said 313 people had died. An Israeli military official said hundreds of militants had been killed and dozens captured.