BusinessValue of Israeli border fencing company’s shares soar in wake of Trump victory

Magal Security Systems, the Israeli company which built the defensive fence system around the Gaza Strip saw a surge in shares after Donald Trump was confirmed as the winner of Tuesday’s election.

Magal had looked with anticipation at the prospect of a Trump victory how it would help the barrier-building business. Magall has built border walls and fences in Egypt, Somalia, and other African countries. 

It is not clear whether Trump would follow through on his campaign promise to build a wall on the U.S.-Mexican border – and whether the wall, if built, would supplement or replace existing border barriers in urban areas along the 1,900 mile border.

“We would join forces with a major U.S. defense company that has experience with such projects worldwide,” Magal CEO Saar Koursh told Bloomberg in August. “We’ve done it in the past and we would definitely want to do it.”

The company has already enjoyed an increase in business as worries about ISIS have increase in Europe and around the world, and as European countries have been trying to cope with a wave of immigration.

“The border business was down, but then came Isis and the Syrian conflict,” Koursh said. “The world is changing and borders are coming back big-time.”