Weekly Review: July 11-15, 2010

Trading on the Tel Aviv Stock Exchange (TASE) in the second week of July was marked by gains in all leading indices, in keeping with the global trend.

The TA-25 index which gained 1.9% over the week is now 2.9% lower from its level at the beginning of the year, after an increase of 75% rate of return attained in 2009. The TA-100 index which rose 2% this week is now lower by 2.9% from its level at the beginning of this year. This follows an increase of 89% in 2009.

The Tel Tech-15, index of large technology companies, influenced by trading on NASDAQ, stood out this week with an increase of 4.6%. The Finance index and the Estate-15, index of large real estate companies' shares, increased 2.2% and 0.5%, respectively.

The "Israel Corporation ltd" whose shares are included in TA-25 index, has raised US $267 million in a public bond issue. Two real estate companies raised US $160 million this week in bond issues. The total of public and institutional bond issues from the beginning of this year comes to US $6 billion, compared with US $9.3 billion raised in the entire 2009.

The Israeli treasury raised US $250 million this week in a local government bond issue, bringing the 2010 total to US $7.8 billion after total of US $17.4 billion raised in 2009.