Weekly Review : 15-19 January 2012 TASE trading in the third week of January 2012 ended up for most leading indices, continuing the positive trend since the beginning of the year.

• The TA-25 index gained 0.7% over the week, bringing its year-to-date return to 4.7%, following an 18% decline in 2011.

• The TA-100 index increased 0.7% over the week, a 5.5% increase since the beginning of the year, following last year's 20% decline.

• The TA Real Estate-15 and TA Banks indices rose 1.5% and 1.1% respectively, while the TA BlueTech 50 index gained 0.6% this week.

• The Israeli government floated US $430 million bonds on the local market this week, bringing the year-to-date total of government bond issues to US $900 million.

• The Central Bureau of Statistics released figures indicating that the CPI index remained unchanged in December, bringing the 2011 inflation rate to 2.2%, as opposed to 2.7% in 2010.
In addition GDP figures were released, indicating that GDP growth in the third quarter of 2011 came to 3.6% (annualized), following a 3.8% in the second quarter and 4.9% in the first quarter of 2011.

• The Bank of Israel released figures for the Composite State-of-the-Economy index, which increased 0.2% in December – maintaining the rate of increase recorded in the previous two months. This indicates the continuation of economic expansion, albeit at a relatively slower pace than that of the third quarter of the year.

• The NIS/ US dollar exchange rate on 19 January came to 3.784, a weekly decrease of 1.2% against the shekel. Since the beginning of the year, the dollar has depreciated 1.0% against the NIS, following its 7.7% appreciation in 2011.

• The NIS/Euro exchange rate on 19 January came to 4.8872, a 0.7% decline over the week. Since the beginning of the year, the Euro has lost 1.0% against the NIS, following a 4.2% appreciation in 2011.