Weekly Review: August 21 - August 25, 2011

Trading on the Tel-Aviv Stock Exchange (TASE) during the fourth week of August was marked by mixed trend.
  • The TA-25 index, which gained 2.2% over the week, is still 17.9% lower than its beginning-of-the-year level, following a 16% increase in 2010.
  • The TA-100 index was up 1.4%, is still some 20.3% lower than at the beginning of the year, following a 15% increase in 2010.
  • The TA Banks Index increased 2.9% over the week, while the Real Estate-15 and the BlueTech-50 indices lost 3.9% and 0.7% respectively.
  • The TASE Board of Directors approved the membership of U.K.-based Barclay's Bank PLC. Barclay's joins five other major international banks & financial institutions – UBS, HBSC, Deutsche Bank, Citibank and Merrill Lynch International - members on TASE.
  • Thomas Murray, an international rating agency, which rates over 130 securities depositories and other financial entities worldwide, announced that is upgrading its rating of the Tel Aviv Stock Exchange Clearing House (TASECH) from A to A+.
  • The Treasury floated government bonds on the local market equaling US $290 million. The year-to-date total of government bond issues comes to  US $10.7 billion, as opposed to US $15.2 for the entire 2010 year.
  • The NIS/dollar exchange rate on August 25 came to 3.609 NIS, a weekly increase of 0.6% against the shekel and bringing the year-to-date appreciation of the dollar to 1.7%, after depreciating 6% in 2010.
    The NIS/Euro exchange rate on August 25 came to 5.2119 NIS up 1.6% over last week. The Euro has appreciated 10.0% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.