TEL AVIV, Israel--(BUSINESS WIRE)--Trading on the Tel-Aviv Stock Exchange (TASE) over the third week of March was marked by high volatility and mixed trend, influenced by developments in Japan.
- The TA-25 index rose approximately 0.4% over the week ending some 4.4% lower than at the beginning of the year, following a 16% increase in 2010.
- The TA-100 index did not change this week and was 5.3% lower than at the beginning of the year, after gaining 15% in 2010.
- The TA Banks and Real Estate-15 indices increased 2.2% and 0.7% respectively, while the Tel-Tech 15 index decreased 0.9%.
- The Israeli government floated bonds on TASE equaling US $290 million, bringing the year-to-date total of new local government bond issues to US $3.7 billion.
- Figures released by Central Bureau of Statistics (CBS) for February 2011 indicate that the CPI index increased 0.3% over the month, after a 0.2% increase in January and 2.7% annual increase in 2010.
- The Israel Central Bureau of Statistics published updated estimates for 2010. Annual economic growth came to 4.6% as opposed to 0.8% in 2009 and 4.2% in 2008.
- The current deficit in the government budget constituted 2.5% of GDP in 2010, as opposed to 3.7% in 2009 and 0.9% in 2008.
- The dollar/NIS exchange rate on March 17 came to 3.562, marking a 0.5% weekly decline. The dollar has appreciated 0.4% against the NIS since the beginning of the year, after depreciating 6% in 2010.
- The Euro/NIS exchange rate on March 17 came to 4.9879, gaining 0.9% this week. The Euro has appreciated 5.3% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.
About TASE
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole stock exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives. The Tel-Aviv Stock Exchange features 613 companies listing equities, 417 index-tracking products, 33 series of government bonds, 672 series of corporate bonds and 1,283 mutual funds. As of February 2011, the exchange’s market capitalization in equities was about US$ 217 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