Weekly Review: November 14-18, 2010

Trading on the Tel Aviv Stock Exchange (TASE) during the third week of November was marked by price gains in most leading indices.

 

The TA-25 index which rose by 2% this week is now 10.5% 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 gained 1.9% and is now higher by 9.6% from its level at the beginning of this year. This follows a sharp increase of 89% in 2009.

 

The TA-Finance index and the Real Estate-15 index gained 3.3% and 1.5%, respectively this week, while the Tel Tech-15 index, affected by trading on NASDAQ dropped 0.4%.

 

The Israeli treasury raised US $420 million this week in a local government bond issues, bringing the 2010 total to US $13.3 billion, after total of US $17.4 billion raised in 2009.

 

Figures released by Israel’s Central Bureau of Statistic reveal that the Consumer Price Index (CPI) rose by 0.3% in October and completed an increase of 2.2% since the beginning of 2010.

 

In addition, the growth rate in the third quarter of 2010 continues to grow up to 3.8% (in annual terms), following about 4.5% and 3.9% in the second quarter and the first quarter of this year.