Weekly Review: May 2-6, 2010

Keeping with the global trend due to the crises in the Euro markets, the First trading week of May on the Tel Aviv Stock Exchange (TASE) was marked by declines in all leading indices.
The TA-25 index dropped 2% this week and is about 0.4% lower 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 decreased by 2.7% this week and is still high by 0.3% than the level it was earlier this year, after a sharp rise of 89% attained in 2009.
The Tel Tech-15, index of large technology companies, led the declines this week dropping 7.5%, followed by Finance-15 index and the large real estate companies' shares down about 4%-4.5%.
The Israeli treasury raised US $420 million this week in a local government bond issue, bringing the 2010 total to US $5.4 billion.