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| The second trading week of May on the Tel Aviv Stock Exchange (TASE) was marked by gains in all leading indices, keeping with the positive global trend, due to the approval of a trillion dollar aid for the Euro markets by the finance ministers of EU countries.
The State of Israel has been accepted as a full member in the OECD organization this week. The OECD decided to open accession discussions with Israel in May 2007. A Roadmap adopted at the end of November 2007 set out the terms, conditions and process for accession, including in-depth reviews by 18 OECD Committees. Israel has completed all 18 accession reviews in less than three years.
On May 26 Israel is scheduled to be re-classified on MSCI indices from an Emerging Market status to Developed Market.
The TA-25 index which rose by 1.2% over the week is now higher by 0.8% from its level at the beginning of the year, after a sharp rise of 75% rate of return attained in 2009.
The TA-100 index which also rose in a similar rate is now higher by 1.4% year-to-date, after a sharp rise of 89% rate of return attained in 2009.
The leading finance companies index stood out this week with an increase of 3.8%, while the Tel Tech-15 index and the large real estate companies' index rose by 1.1%.
The Israeli treasury raised US $430 million this week in a local government bond issue. From the beginning of this year the Israeli treasury raised a total of US $5.8 billion, compared to US $17.4 billion raised in all of 2009.
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