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November 15, 2016 6:29 pm

Stock of Israeli Company Specializing in ‘Smart’ Border Fences on Sharp Rise Since Trump Election

avatar by Ruthie Blum

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A security fence. Photo: Magal Security Systems Ltd.

A security fence. Photo: Magal Security Systems Ltd.

The market value of an Israeli security company specializing in technologically advanced border fences has been rising sharply since Donald Trump won the US presidential election last week, the Hebrew news site nrg reported on Tuesday.

According to the report, based on figures released by Bloomberg, the stock of Magal Security Systems Ltd. rose 6% Monday on the Nasdaq and 19% in total since the victory of the Republican candidate, who has vowed to build a wall between the United States and Mexico, to prevent the influx of illegal immigrants.

Magal Chief Executive Officer Saar Koursh said it’s possible that Trump’s vow to erect a wall is indeed responsible for his company’s recent success. “It seems clear that Trump is going to put more investment into security on US borders,” he told Bloomberg.

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Among other projects, Magal is building the smart fence for the IDF along the Gaza border, and — as was reported in The Algemeiner in August — Kroush said he hoped that his company would be able to take part in the erection of the proposed wall along the Mexican border if Trump became president.

According to nrg, the company specializes in “smart” fences, which combine video cameras, motion sensors and satellite monitoring. In addition to the Gaza fence – a project the company says it’s particularly proud of – Magal is currently working on a major project in Kenya, involving the securing of its border with terror-stricken Somalia.

Kroush, who accompanied Prime Minister Benjamin Netanyahu on his historic trip to Africa in the summer, said in a radio interview in Nairobi that few companies in the world can boast such an accomplishment as that of the border fence around Gaza.

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  • Peter Joffe

    Why are the Democrats so avid about protecting the ‘rights’ of Illegal immigrants?? What about legal citizens? I thought that they had rights too? I need to go back to scholl because I still foolishly believe that ‘Illegal” means that something is against the law. Law and order is a foreign concept to Democrats and especially Obama and Clinton (thankfully no longer with us). If there is a word that describes peoples’ mind-sets today, it is the word tolerance. The thought behind tolerance is that right and wrong varies from situation to situation, in other words it’s all relative. What’s wrong for me may be right for you and vice versa. Tolerance teaches that all views are equally valid and there are no absolutes. The only absolute is that there are no absolutes. We tolerate everything except intolerance. As a result, we are killing truth and values have no value. Well done Obama.

  • Hiring Magal Security Systems to help secure the US-Mexican border is a smart approach to deter illegal immigration.

  • Reb_Yaakov

    success
    proud
    boast

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