Israel's main stock indexes hit fresh record highs on Thursday, following a ceasefire accord between the country and militant group Hamas after 15 months of conflict.

Israel and Hamas agreed to a ceasefire deal to pause the devastating war in the Gaza Strip, multiple officials announced Wednesday, raising the possibility of winding down the deadliest and most destructive fighting between the bitter enemies.

Hamas and Israel reached a hostage and ceasefire deal, ending the conflict that started in October 2023. People in Tel Aviv, Gaza, and Lebanon celebrated the announcement.