Weekly Review February 14-18, 2010

Trading on the Tel Aviv Stock Exchange (TASE) in the third week of February was marked by gains in all leading indices, in keeping with the trend in international financial markets.
 
The TA-25 index which gained 2.5% this week is now higher by 1.8% from its level at the beginning of this year, after a sharp rise of 75% rate of return attained in 2009.
 
The TA-100 index gained 2.8% this week and is now higher by 3% from its level at the beginning of this year, after a sharp rise of 89% rate of return attained in 2009.
 
The Tel-Tech-15 index shares stood out this week with a 4.2% increase, followed by the major finance companies which increased 2.5%, while leading real estate companies rose only by 0.8%.
 
The Israeli treasury raised US $330 million this week in a local government bond issue, bringing the 2010 total to US $2.3 billion.
 
The Toronto Stock Exchange and the Tel Aviv Stock Exchange (TASE) announced the signing of a Memorandum of Understanding (MOU) to formalize cooperation between the markets. This MOU is the fifth signed by the TASE, following those with LSE (England), NASDAQ (USA), NYSE-Euronext (USA & Europe), and SSE (China).
 
Israel’s Central Bureau of Statistics announced that the CPI for January 2010 decreased by 0.7%. The inflation rate in Israel for 2009 totaled at 3.9%.
In addition, the Central Bureau of Statistics released figures showing that the growth rate in the last quarter of 2009 increased by 4.4% (annual rate) compared with growth of about 3% and 1.2% respectively in the third quarter and negative growth of 3.1% in the first quarter of 2009.