Trading on the Tel Aviv Stock Exchange (TASE) during the fourth week of August was marked by high volatility and mixed trend.
The TA-25 index which decreased 1.9% is lower by 0.5% from its level at the beginning of the year. This follows an increase of 75% in 2009.
The TA-100 index which dropped 1.7% is now lower by 1.5% from its level at the beginning of this year, after a sharp increase of 89% in 2009.
The Real Estate-15 index increased 1% while The Finance index almost didn't change and the Tel Tech-15, index of large technology companies, affected by trading on Nasdaq, dropped 1.7%.
The Israeli treasury raised US $230 million this week in a local government bond issues, bringing the 2010 total to US $9.3 billion, after total of US $17.4 billion raised in 2009.
The Bank of Israel announces that the interest rate for September 2010 will remain unchanged at 1.75%. Furthermore, the Bank of Israel's composite state of the economy index rose by 0.2% in July. The rise, following those in previous months, shows that the increase in economic activity is continuing. From the beginning of the year the composite state of the economy index rose by 2.4%.
