IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v33y2026i6p821-829.html

How does Hamas–Israel war impact stock markets in the Middle East? Country and sector-level analysis

Author

Listed:
  • Mondher Bouattour
  • Amine Ben Amar
  • Néjib Hachicha

Abstract

This paper investigates the sensitivity of a set of Middle Eastern stock markets to the most recent armed confrontation between Hamas and Israel. The analysis reveals a discernible negative impact across almost all markets considered, with the Israeli stock market experiencing the most pronounced effect on the event day. Interestingly, the Israeli stock market appears to be relatively more efficient than those of neighbouring countries. At the sector level, among the negatively affected sectors, the energy sector experienced the most pronounced impact. However, some sectors, notably materials, industrials, and information technology, were relatively resilient to this geostrategic shock.

Suggested Citation

  • Mondher Bouattour & Amine Ben Amar & Néjib Hachicha, 2026. "How does Hamas–Israel war impact stock markets in the Middle East? Country and sector-level analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 33(6), pages 821-829, March.
    • Handle: RePEc:taf:apeclt:v:33:y:2026:i:6:p:821-829
    DOI: 10.1080/13504851.2024.2396556
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2024.2396556
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2024.2396556?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:33:y:2026:i:6:p:821-829. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.