In keeping with the trend in securities markets around the world, trading on the Tel Aviv Stock Exchange (TASE) during the third week of July was marked by high volatility and mixed trend.
The TA-25 which rose 0.6% over the week is now 2.3% lower than its level at the beginning of the year. This follows an increase of 75% in 2009.
The TA-100 which decreased 0.1% this week, closed 3.0% lower than its level at the beginning of the year, following a sharp increase of 89% in 2009.
The Estate-15 index of large real estate companies' shares increased 0.6%, while The Tel-Tech 15 index followed by the Finance index dropped 5.7% and 0.3%, respectively.
"Bank Hapoalim" (whose shares are included in TA-25 index) raised US $395 million in a public bond issue, the second one this year. The total of public and institutional bond issues from the beginning of this year comes to US $6.3 billion (36% of which by the banking sector), compared with US $9.3 billion raised in the entire 2009.
The Israeli treasury raised US $240 million this week in a local government bond issue, bringing the 2010 total to US $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) rose by 0.3% for June and 0.7% from the beginning of the year. The unemployment rate continues to decline, reaching about 6.5% in May, compared with 7.1% earlier this year. Also, the growth rate in the first quarter of 2010 was updated to 3.4% (in annual terms), compared with 3.6% estimated earlier this year.
The Bank of Israel's composite state-of-the-economy index rose by 0.1 % in June 2010. The rise, following those in previous months, shows that economic activity is increasing moderately.
