TEL AVIV, Israel--(BUSINESS WIRE)--Trading on TASE in the second week of March was highly volatile, ending down for most leading TASE indices.
- The TA-25 index declined approximately 0.8% over the week ending some 4.8% lower than at the beginning of the year, following a 16% increase in 2010.
- The TA-100 index retreated 1.0% this week and was 5.3% lower than at the beginning of the year, after gaining 15% in 2010.
- The Tel-Tech 15 fell 3.4%, while the TA Banks and Real Estate-15 index gained 1.0% and 0.3%, respectively.
- The NASDAQ-listed American IT company, LivePerson, Inc., listed its shares on TASE and will begin trading on Sunday, 13 March 2011. 55 companies currently have shares cross-listed on TASE and foreign exchanges.
- Figures released by the Bank of Israel indicate that net foreign investment in TASE-traded shares in January 2011 came to US $420 million. In addition, foreign investors invested in “MAKAM” [T-bills] and in non-linked NIS-denominated bonds US $2.8 billion and US $0.8 billion respectively.
- The Israeli government floated bonds on TASE equaling US $250 million, bringing the year-to-date total of new local government bond issues to US $3.4 billion.
- The dollar/NIS exchange rate on March 10 came to 3.567, marking a 1.2% weekly decline. The dollar has appreciated 0.5% against the NIS since the beginning of the year, after depreciating 6% in 2010.
- The Euro/NIS exchange rate on March 10 came to 4.932, dropping 2.1% this week. The Euro has appreciated 4.1% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.
About TASE
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole stock exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives. The Tel-Aviv Stock Exchange features 613 companies listing equities, 417 index-tracking products, 33 series of government bonds, 672 series of corporate bonds and 1,283 mutual funds. As of February 2011, the exchange’s market capitalization in equities was about US$ 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