Weekly Review: January 3-7, 2010

The TASE opened 2010 on a positive note with price gains in all leading indices.

The TA-25, which gained 2% this week after a cumulative increase of 75% in 2009, remained only 6% lower than the record level attained in October 2007.

The TA-75 index, which stood out in 2009 with a 150% increase, which was fueled in large part by share prices of the companies involved in the gas drilling off of Israel’s Mediterranean coast, continued its ascent with a 5.5% gain.

The Tel Tech-15 index of large technology shares increased 4%, followed by the leading real estate and the major finance companies indices, which climbed 2.5%.

According to figures released this week by the Bank of Israel, foreign investment in TASE-listed shares increased by a net $US 560 million in November 2009. Since the beginning of 2009, foreign investors poured US $1.8 billion in the TASE equity market, this following a US $2.8 billion net liquidation of shares in the second half of 2008.