TASE Weekly Review: 13-17 November 2011

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TEL AVIV, Israel--(BUSINESS WIRE)-- TASE trading in the third week of November ended with mixed results for the leading indexes.

The TA-25 index decreased 0.2% over the week, is 16.8% lower than its beginning-of-the-year level, following a 16% increase in 2010.
The TA-100 index, which decreased 0.1%, is 18.1% lower than at the beginning of the year, following a 15% increase in 2010.
The TA BlueTech-50 and TA Real Estate-15 increased 1.5% and 0.3% respectively, while the TA Banks index decreased 1.9%.
Bank Leumi, whose shares are included in the TA-25 index, raised US $530 million in a public bond offering. In total the business sector raised US $10.9 billion since the beginning of the year as opposed to US $11.5 billion in 2010.
The Government of Israel floated government bonds on the local market equaling US $530 million. Since the beginning of the year, the government has raised US $15.2 billion in government bond issues, as opposed to US $15.2 billion in the 2010 calendar year.
The Central Bureau of Statistics released figures indicating an estimated GDP growth of 3.4% (annualized) during the third quarter of 2011, following a 3.5% during the second quarter and a 4.7% in the first quarter of 2011.
The CPI increased 0.1% in October, completing an increase of 2.3% since the beginning of the year.
The NIS/dollar exchange rate on 17 November came to 3.728, a weekly increase of 0.2% against the shekel, which brings the year-to-date appreciation of the dollar to 5%, after depreciating 6% in 2010.
The NIS/Euro exchange rate on 17 November came to 5.0181 down 1.2% over the week. The Euro has appreciated 5.9% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.

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 in October 2011: 605 companies listing equities, 433 index-tracking products, 34 series of government bonds, 690 series of corporate bonds and 1,298 mutual funds. As of October 2011, the exchange’s market capitalization in equities was about US$ 174 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