Weekly Review: March 19 - March 24, 2011

Trading during the fourth week in March 2011 was highly volatile, with all leading share price indices gaining over the week.
  • The TA-25 index, which gained 1% over the week, is still some 3.5% lower than at the beginning of the year, following a 16% increase in 2010.
  • The TA-100 index increased 1.4% this week and closed 4% lower than at the beginning of the year, after gaining 15% in 2010.
  • The Real Estate-15 and Tel -Tech 15 indices gained 1.3% and 1.2% respectively. The TA Finance index increased 0.3%.
  • The Israeli government floated bonds on TASE equaling US $340 million, bringing the year-to-date total of new local government bond issues to US $4.0 billion.
  • Figures released by the Bank of Israel indicate that the Composite State-of-the-Economy Index increased 0.4% in February, after rising 0.5% in January and 5% in 2010. These figures demonstrate the continuing growth of Israel’s economy.
  • The dollar/NIS exchange rate on March 24 came to 3.546, marking a 0.2% weekly decline. The NIS has appreciated 0.1% against the dollar since the beginning of the year, after appreciating 6% in 2010.
  • The Euro/NIS exchange rate on March 24 came to 5.0093, gaining 0.3% this week against the NIS. The Euro has appreciated 5.7% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.