Weekly Review: 20-24 November 2011 TASE trading in the fourth week of November was marked by sharp declines in all leading indices, similar to the trend in markets around the globe.

• The TA-25 index lost 7.8% over the week and is 23.3% lower than its beginning-of-the-year level, following a 16% increase in 2010.

• The TA-100 index, which retreated 7.5%, is 24.3% lower than at the beginning of the year, following a 15% increase in 2010.

• The TA Banks index stood out this week, falling 9.7% while the TA BlueTech-50 and Real Estate-15 indices declined 6.9% and 6.2% respectively.

• The Government of Israel floated government bonds on the local market equaling US $430 million. Since the beginning of the year, the government has raised US $15.6 billion in government bond issues, as opposed to US $15.2 billion in the 2010 calendar year.

• Figures released by the Bank of Israel indicate that the State-of-the-Economy Composite index increased by 0.1% in October. The increase in this index over the past months points to continuing economic expansion, albeit at a slower pace than during the first six months of 2011. 

• The NIS/dollar exchange rate on 24 November came to 3.774, a weekly increase of 1.2% against the shekel, which brings the year-to-date appreciation of the dollar to 6.3%, after depreciating 6% in 2010.

• The NIS/Euro exchange rate on 24 November came to 5.0472 did not change over the week. The Euro has appreciated 6.5% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.