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| In keeping with the trend in securities markets around the world, trading on the Tel Aviv Stock Exchange (TASE) during the second week of June was marked by high volatility and declines in all leading indices.
The TA-25 which dropped 0.6% over the week is now 4.7% lower than its level at the beginning of the year. This follows an increase of 75% in 2009. The TA-100 which decreased 1.5% this week, closed 5.1% lower than its level at the beginning of the year, following a sharp increase of 89% in 2009.
The Tel-Tech 15 index dropped 4.7%, followed by the index of large real estate companies shares (Estate-15) and "Finance-15", index of leading finance companies shares dropping 3.1% and 2.4%, respectively.
"Azrieli Group", one of Israel biggest real estate companies, raised $ 525 million in the largest IPO of a private company at the Israeli stock market. The company is expected to join the TA-100 index next month.
From the beginning of the year the private sector raised about $ 1.5 billion in the stock market, compared with $ 1.7 billion in all of 2009, of which approximately $ 0.9 billion by real estate companies.
The Israeli treasury raised US $210 million this week in a local government bond issue, bringing the 2010 total to US $6.6 billion, after total of $ 17.4 billion raised in the entire 2009.
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