The stock of Magal Security Systems Ltd. rose 6% Monday on the Nasdaq and 19% in total since the victory of the Republican presidential candidate Trump. Experts, including Magal Chief Executive Officer Saar Koursh, attribute it to Trump’s decision to build a wall between the United States and Mexico to prevent the influx of illegal immigrants.
Among other projects, the Israeli security company specializing in technologically advanced border fences is building the smart fence for the IDF along the Gaza border as well as a major project in Kenya involving the securing of its border with terror-stricken Somalia. Its smart fence combines video cameras, motion sensors and satellite monitoring.
Kroush had previously 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.
