Trading on the Tel Aviv Stock Exchange (TASE) during the first week of October was marked by high volatility and declines in most leading indices.
The TA-25 index which decreased 0.8% over the week is higher by 6.2% from its level at the beginning of the year, following a 75% increase in 2009.
The TA-100 index decreased 0.9% and is 5% higher from its level at the beginning of this year. This follows a sharp increase of 89% attained in 2009.
The Real Estate-15 index rose by 2.2% while the Tel Tech-15, index of large technology companies, and the Finance index dropped 3% and 1.7% respectively.
The Israeli treasury raised US $475 million this week in a local government bond issues, bringing the 2010 total to US $11 billion, after total of US $17.4 billion raised in 2009.
The Bank of Israel announces that the interest rate for October 2010 will increase by 0.25%, the third rise this year, to a level of 2%. Furthermore, the Bank of Israel updated its forecast for 2010 GDP annual growth, from 3.7% to 4%.
Unemployment rate is expected to be approximately 6.3% (annual average).
