TASE - The Week in Review: August 22-26, 2010

TEL AVIV, Israel--(BUSINESS WIRE)-- Trading on the Tel-Aviv Stock Exchange (TASE) during the fourth week of August was marked by high volatility and mixed trend.

The TA-25 index which decreased 1.9% is lower by 0.5% from its level at the beginning of the year. This follows an increase of 75% in 2009.

The TA-100 index which dropped 1.7% is now lower by 1.5% from its level at the beginning of this year, after a sharp increase of 89% in 2009.

The Real Estate-15 index increased 1% while The Finance index almost didn't change and the Tel Tech-15 index of large technology companies, affected by trading on Nasdaq, dropped 1.7%.

The Israeli treasury raised US $230 million this week in a local government bond issues, bringing the 2010 total to US $9.3 billion, after total of US $17.4 billion raised in 2009.

The Bank of Israel announces that the interest rate for September 2010 will remain unchanged at 1.75%.

Furthermore, the Bank of Israel's composite state of the economy index rose by 0.2% in July. The rise, following those in previous months, shows that the increase in economic activity is continuing. From the beginning of the year the composite state of the economy index rose by 2.4%.

About TASE

Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole stock exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives. The Tel-Aviv Stock Exchange features 611 companies listing equities, 406 index-tracking products, 34 series of government bonds, 636 series of corporate bonds and 1,239 mutual funds. As of July 2010, the exchange’s market capitalization in equities was about US$183 billion. In recent years, the exchange has enhanced its international presence, signing Memorandums of Understanding with the London Stock Exchange, NASDAQ, the Shanghai Stock Exchange, Toronto Stock Exchange and NYSE-Euronext.

Visit the Tel-Aviv Stock Exchange's Website: www.tase.co.il

CONTACT:

Grayling
Alistair Scott or Jonathan Shillington, 020-7255-1100
or
TASE
Idit Yaaron or Orna Goren, 972-3-5677564/405

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