Weekly Review: 10 - 14 July 2011

Trading on the Tel Aviv Stock Exchange (TASE) over the second week in July was marked by declines in all leading TASE share price indices.
  • The TA-25 index, which fell 0.7% over the week, is 5.7% lower than its beginning-of-the-year level, following a 16% increase in 2010.
  • The TA-100 index decreased 0.9% over the week, bringing the year-to-date loss to 7.0%, following a 15% increase in 2010.
  • The TA Real Estate-15 and TA Banks indices lost 2.3% and 2.0% respectively, while the TA Bluetech-50 index lost 0.6% over the week.
  • The Treasury floated government bonds on the local market equaling US $300 million. The year-to-date total of government bond issues comes to US $8.7 billion, as opposed to US $15.2 billion for the entire 2010 year.
  • The NIS/dollar exchange rate on July 14 came to 3.431, a weekly increase of 1.0%. Since the beginning of the year, the NIS has appreciated 3.3% against the dollar, after appreciating 6% in 2010.
  • The NIS/Euro exchange rate on July 14 came to 4.8636, down 0.1% over last week. The Euro has appreciated 2.7% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.