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| Equity trading on TASE the fourth week of May ended lower for all leading share price indices.
- The TA-25 index, which lost 4.3% over the week, is currently 6.7% lower than its level at the beginning of the year. This follows a 16% increase in 2010.
- The Tel Aviv 100 Index declined 4% over this week, ending 8% lower than its beginning-of-the-year level, following a 15% increase in 2010.
- The TA Blue Tech 50 decreased 4.1% and TA Estate-15 and the TA-Banks indices declined 3.9%.
- The Governor of the Bank of Israel raised interest rates for the fourth time since the beginning of the year by one fourth of a percent. The new 3.25% interest rate becomes effective in June 2011.
- Figures released by the Bank of Israel indicate that the Composite State-of-the-Economy Index increased by 0.2% in April, bringing the cumulative year-to-date total to 1.8%. The increase in this index points to the expansion of economic activity.
- The government of Israel floated US $300 million government bonds this week, bringing the year-to-date total of government bond issues on the local market to US $6.5 billion. This compares with US $15.2 billion raised in the entire 2010 year.
- The NIS/US dollar exchange rate on 26th May came to NIS 3.469, off 0.1% from last week. Since the beginning of the year the dollar has depreciated 2.3% against the NIS, after depreciating 6% in 2010.
- The NIS/Euro exchange rate on 26th May came to NIS 4.9177, off 1.2% from last week. Since the beginning of the year, the Euro appreciated 3.8% against the NIS, after depreciating 12.9% in 2010.
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