Weekly Review: 22-26 January 2012 TASE trading in the fourth week of January 2012 closed down in most leading indices, after rallying since the beginning of the year.


• The TA-25 index fell 0.6% over the week, bringing its year-to-date return to 4.1%, following an 18% decline in 2011.

• The TA-100 index lost 0.8% over the week, bringing its year-to-date increase to 4.7%, following last year's 20% decline.

• The TA Banks index increased 0.5%, while the TA Real Estate-15 and the TA BlueTech-50 indices were off 0.6% and 0.1%, respectively.   
             
• The Israeli government floated US $475 million bonds on the local market this week, bringing the year-to-date total of government bond issues to US $1.4 billion.

• In addition, after a two-year hiatus, the government renewed capital rising in the United States, raising US $1.5 billion through the issue of 10.5-year bonds with a 4.1% yield to maturity.

• The Bank of Israel lowered the interest rate by one quarter a percent to 2.5% starting February 2012. This is the third time the interest rate has been lowered since September 2011.

• The Central Bureau of Statistics released employment figures indicating that unemployment in November came to 5.4%, similar to the rate in July-October, and as opposed to the 6% average unemployment rate in the first half of the year.

• The NIS/ US dollar exchange rate on 26 January came to 3.764 a weekly decrease of 0.5% against the shekel. Since the beginning of the year, the dollar has depreciated 1.5% against the NIS, following its 7.7% appreciation in 2011.

• The NIS/Euro exchange rate on 26 January came to 4.9466, a 1.0% increase over the week. Since the beginning of the year, the Euro has gain 0.2% against the NIS, following a 4.2% appreciation in 2011.