TEL AVIV, Israel--(BUSINESS WIRE)--Trading during the fourth week in March 2011 was highly volatile, with all leading share price indices gaining over the week.
- The TA-25 index, which gained 1% over the week, is still some 3.5% lower than at the beginning of the year, following a 16% increase in 2010.
- The TA-100 index increased 1.4% this week and closed 4% lower than at the beginning of the year, after gaining 15% in 2010.
- The Real Estate-15 and Tel-Tech 15 indices gained 1.3% and 1.2% respectively. The TA Finance index increased 0.3%.
- The Israeli government floated bonds on TASE equaling US $340 million, bringing the year-to-date total of new local government bond issues to US $4.0 billion.
- Figures released by the Bank of Israel indicate that the Composite State-of-the-Economy Index increased 0.4% in February, after rising 0.5% in January and 5% in 2010. These figures demonstrate the continuing growth of Israel’s economy.
- The dollar/NIS exchange rate on March 24 came to 3.546, marking a 0.2% weekly decline. The NIS has appreciated 0.1% against the dollar since the beginning of the year, after appreciating 6% in 2010.
- The Euro/NIS exchange rate on March 24 came to 5.0093, gaining 0.3% this week against the NIS. The Euro has appreciated 5.7% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.
About TASE
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole stock exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives. The Tel-Aviv Stock Exchange features, as of February 2011, 613 companies listing equities, 417 index-tracking products, 33 series of government bonds, 672 series of corporate bonds and 1,283 mutual funds. As of February 2011, the exchange’s market capitalization in equities was about US$ 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