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| Gains in all leading indices marked trading on the Tel Aviv Stock Exchange (TASE) during the fourth week of December.
The TA-25 increased 3.5%, bringing the cumulative year-to-date increase to 75%. The TA-75 was up 6% and continued to stand out with cumulative year-to-date gains of 153%.
Shares of the Tel-Tech-15 index of key high-tech companies and the large real estate outperformed the market this week, gaining 6.5%-7.5%. Shares of Israel’s major financial institutions increased 4%.
This week TASE announced adjustments to the composition of its leading equity indices, which become effective 3/1/2010. Gazit Globe, Delek Drilling and Avner Oil Exploration (both of the latter involved in the offshore gas discovery) graduated to the TA-25. Koor, Migdal Insurance and Africa-Israel Investments were dropped from the index.
The Israeli treasury raised an additional US $300 million this week in a local government bond issue, bringing the year-to-total to $17.3 billion, 18% more than the amount raised in 2008.
The Bank of Israel released its Composite State-of-the Economy index for November, which continued to rise at a rate of 0.6%. Since the beginning of the year, the Composite index increased 3.2%.
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