Weekly Review: January 30 – February 3, 2011

The last trading week on the Tel Aviv Stock Exchange (TASE), affected by the events in Egypt, was marked by high volatility and declines in most of the leading indices.

The TA-25 index which dropped 2.5% over the week is now lower by 2.1% from its level at the beginning of the year, after posting returns of 16% in 2010.

The TA-100 index lost 2.6% over the week, is now lower by 1.3% from its level at the beginning of the year. This follows a 15% increase in 2010.

The TA Finance and the Real Estate 15 index declined 6.4% and 5.1%, respectively, while the Tel-Tech 15 increased 0.1%.

The Israeli government raised US $400 million this week in a local government bond issues, bringing total government bond issues for January 2011 to about US $ 1.6 billion.

The NIS/US dollar exchange rate on February 3th was 3.683, a weekly increase of 0.1%. From the beginning of the year the US dollar rose by about 3.8% against the NIS, following a 6% appreciation of the NIS in 2010.

The NIS/Euro exchange rate on February 3th was 5.068, a weekly increase of 0.4%. From the beginning of the year the Euro rose by about 7% against the NIS, following a 12.9% appreciation of the NIS in 2010.