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Did Hamas make millions trading the Oct 7 attacks?
Researchers highlight suspicious markets activity.
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The timing of the Hamas attack blindsided Israel’s army and intelligence services, and appears to have surprised even some of Hamas’ political leaders.
PHOTO: REUTERS
The Economist
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In the run-up to its attack on Israel on Oct 7,
The authors analysed trading patterns in Israeli shares in the weeks before the attack, and found anomalies consistent with a grim form of informed trading. Perhaps the most striking example is a surge in short sales – bets that a security’s price will fall – of a relatively illiquid exchange-traded fund (ETF) which is listed on the New York Stock Exchange under the ticker EIS, and tracks an index of Israeli share prices.
