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| Trading on the Tel Aviv Stock Exchange (TASE) during the second week of November was marked by high volatility and declines in all leading indices.
The TA-25 index which dropped 2% this week is still 8.3% higher 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 decreased 1.9% is now higher by 7.6% from its level at the beginning of this year. This follows a sharp increase of 89% in 2009.
The Tel Tech-15 index and the Real Estate-15 index dropped 2% and the Finance index decreased 0.9%.
A total of US $330 million were raised this week by 6 companies through corporate bond issues. The total amount raised by the private sector in corporate bond issues from the beginning of the year comes to US $9.5 billion (about 60% by banks and real estate companies) – slightly higher from the amount raised in all of 2009.
The Israeli treasury raised US $265 million this week in a local government bond issues, bringing the 2010 total to US $12.9 billion, after total of US $17.4 billion raised in 2009.
The Bank of Israel publications indicate that the government budget deficit is expected to reach about 4% of GDP in 2010, compared to about 5% in 2009.
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