Weekly Review: 26 - 30 June 2011

The closing week of June 2011 ended up for all leading TASE share price indices.
  • The TA-25 index, which gained 1.1% over the week, is currently 7.7% lower than its beginning-of-the-year level, following a 16% increase in 2010.
  • The TA-100 index increased 1.6% over the week, bringing the year-to-date decline to 9.0%, following a 15% increase in 2010.
  • The TA Bluetech-50 spiked this week 3.1% while the TA-Banks and Real Estate-15 indices increased 1.2% and 1.5%, respectively.
  • The Treasury floated government bonds on the local market equaling US $400 million. The year-to-date total of government bond issues comes to US $8.1 billion, as opposed to US$ 15.2 for the entire 2010 year.
  • The Governor of the Bank of Israel kept the Bank’s interest rate unchanged in July at 3.25%, and this following four increases since the beginning of the year cumulating to 1.25%.
  • The Central Bureau of Statistics released employment figures indicating that unemployment in Israel fell to 5.8% in April, from 6.1% at the beginning of the year and 6.7% in April 2010.
  • The NIS/dollar exchange rate on June 30 came to 3.415, a weekly decrease of 0.9%. Since the beginning of the year, the NIS has appreciated 3.8% against the dollar, after appreciating 6% in 2010.
  • The NIS/Euro exchange rate on June 16 came to 4.9441 up 0.9% over the last week. The Euro has appreciated 4.4% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.