TEL AVIV, Israel--(BUSINESS WIRE)--Trading on the Tel-Aviv Stock Exchange (TASE) over the last week was marked by high volatility, with most of the leading indices closing down.
- The TA-25 index didn't change over the week, is lower by 4.1% from its beginning of the year level, following a 16% return in 2010.
- The TA-100 index which lost 0.5% over the week is some 4.3% lower than at the beginning of the year, following a 15% return in 2010.
- The Tel-Tech 15 index decreased 3.7% over the week, while the TA-Banks and the Real Estate-15 indices dropped 1.5%.
- The Israeli government issued US $350 million bonds on TASE this week, bringing total government bond issues since the beginning of the year to US $3.1 billion.
- The Israeli company Cimatron (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for the tool making and manufacturing industries, whose shares are traded on NASDAQ, began trading this week on the Tel-Aviv Stock Exchange as well. Currently, 55 companies are dually-listed on the TASE.
- Figures released by Israel’s Central Bureau of Statistic indicate that unemployment rate in 2010 dropped to 6.6%, compared to 7.5% in 2009.
- The NIS/US dollar exchange rate on March 3 was 3.611, a weekly decrease of 1.2%. From the beginning of the year the US dollar rose by about 1.7% against the NIS, following a 6% appreciation of the NIS in 2010. The NIS/Euro exchange rate on March 3 was 5.0039, a weekly decrease of 0.8%. From the beginning of the year the Euro rose by about 5.6% against the NIS, following a 12.9% appreciation of the NIS in 2010.
About TASE
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole stock exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives. The Tel-Aviv Stock Exchange features 611 companies listing equities, 415 index-tracking products, 34 series of government bonds, 672 series of corporate bonds and 1,272 mutual funds. As of January 2011, the exchange’s market capitalization in equities was about US$ 216 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