Weekly Review: April 11-15, 2010

The second trading week of April on the Tel Aviv Stock Exchange (TASE) was marked by gains in all leading indices.
 
The TA-25 index which raised 0.3% over the week is now higher by 6% from its level at the beginning of the year, after a sharp rise of 75% rate of return attained in 2009.

On April 6, the TA-25 index reached index value of 1237.85 points and broke its record level from late October 2007. Later on the trend reversed and became volatile; the index now is lower by 1.8% from its new record.
 
The TA-100 index gained 0.7% this week and is now higher by 7.2% year-to-date, after a sharp rise of 89% rate of return attained in 2009.
 
The large real estate companies' shares and the Tel Tech-15, index of large technology companies, stood out this week with an increase of 3%-3.5%, and the Biomed index with an increase of 2.5%, while the major financial companies' index rose by only 0.5%.
 
The Israeli treasury raised US $500 million this week in a local government bond issue, bringing the 2010 total to US $4.5 billion.
 
The Bank of Israel announced the raising of the interest rate level by 0.25% to a level of 1.5%, starting April 2010.
 
The Central Bureau of Statistics released their final data for 2009, including the government deficit which amounted to only 2.9% of GDP, compared to the initial forecast of more than 5% deficit.