Weekly Review : 19 - 23 February TASE trading in the third week of February was marked by declines in all leading indices.

• The TA-25 index decreased 0.7% over the week, bringing its year-to-date return to 1.1%.

• The TA-100 index decreased 1.0% over the week, bringing its year-to-date increase to 2.2%.

• The TA Banks and TA BlueTech 50 indices were off 3.6% and 2.7%, respectively. The TA Real Estate-15 index decreased 0.8%. These indices increased 4%-7% since the beginning of the year.

• The Treasury floated government bonds on the local market this week, equaling US $415 million. The year-to-date total of government bond issues to US $3.2 billion.

• The Bank of Israel's composite State-of-the-Economy index increased by 0.2% in January 2012. This increase signals the continued expansion of Israel's economic activity, albeit at a slower pace than in the third quarter of 2011.

• The Central Bureau of Statistics released figures indicating an estimated annual economic growth rate of 3.6% (in annual terms) at the second half of 2011, after 5.3% at the first half of the year.

• The NIS/ US dollar exchange rate on 23 February came to 3.755 a weekly increase of 0.1% against the shekel. Since the beginning of the year, the dollar has depreciated 1.7% against the NIS.
 
• The NIS/Euro exchange rate on 23 February came to 4.9958 a weekly increase of 1.4% against the shekel. Since the beginning of the year, the Euro has appreciated 1.2% against the NIS.