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| Trading on the Tel Aviv Stock Exchange (TASE) during the third week of June was marked by high volatility and price gains in most leading indices.
The TA-25 index gained 1.5% over the week, yet remained 3.5% lower than its level at the beginning of the year. This follows an increase of 75% in 2009.
The TA-100 rose 2.2% this week and is now lower by 2.5% than its level at the beginning of the year, following a sharp increase of 89% in 2009.
The Tel-Tech 15 index and the Estate-15, index of large real estate companies' shares, stood out this week with an increase of 5.1% and 4.2%, respectively. The "Finance-15", index of leading finance companies shares, rose by 2.1%.
The real estate company "Azrieli Group" that made last week, the largest IPO of a private company at the Israeli stock market, has raised an additional $ 135 million this week from institutional investors, bringing the total money raised to $ 657 million.
The company is expected to join the TA-25 index at the next index component update, on July 1st.
The Israeli treasury raised US $215 million this week in a local government bond issue, bringing the 2010 total to US $6.8 billion, after total of $ 17.4 billion raised in the entire 2009.
Figures released by Israel’s Central Bureau of Statistic reveal that the Consumer Price Index (CPI) for May rose by 0.4%, which is also the rate of the inflation from the beginning of this year. Furthermore, the growth rate in the first quarter of 2010 was about 3.6% (in annual terms) - higher than the previous estimate of 3.3%, but lower compared with growth of 4.5% and 3.9% at the last two quarters of 2009.
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