Weekly Review: June 19 - June 23, 2011

Trading on the Tel-Aviv Stock Exchange (TASE) on the last week was marked by mixed trend.
  • The TA-25 index, which gained 0.5% this week, is now 8.7% lower than its beginning-of-the-year level, following a 16% increase in 2010.
  • The TA-100 index, which decreased 0.2% this week, is now 10.5% lower than its beginning-of-the-year level, following a 15% increase in 2010. 
  • The TA-Banks gained 1% this week, while the TA Bluetech-50 didn't change and the Real Estate-15 decreased 1.7%.
  • The Treasury floated government bonds on the local market equaling US $460 million. The year-to-date total of government bond issues comes to US $7.7 billion, as opposed to US$ 15.2 for the entire 2010 year.
  • The bank of Israel's composite state-of-the-economy index rose by 0.3% in May following an increase of 2% from the beginning of the year. The increase indicates the continued expansion of economic activity.
  • The NIS/dollar exchange rate on June 23 came to 3.45, declining 0.4% over the week. Since the beginning of the year, the NIS has appreciated 2.8% against the dollar, after appreciating 6% in 2010.
  • The NIS/Euro exchange rate did not change this week and on June 23 came to 4.9059. The Euro has appreciated 3.5% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.