Weekly Review: 18 - 22 March 2012 Trading on TASE during the third week in March ended on a positive note for all leading indices.

• The TA-25 index gained 0.6% over the week, bringing its year-to-date return to 2.8%.

• The TA-100 index gained 1.0% over the week, bringing its year-to-date increase to 4.8%.

• The TA BlueTech-50 increased 2.5% over the week, while the TA Banks and TA Real Estate-15 indices increased 0.9% and 0.4% respectively.
Year-to-date, the BlueTech-50 stands out with a 15% increase, while the TA Real Estate-15 and TA Banks posted cumulative gains of 5% and 8% respectively.

• Telecom Company, Cellcom, a constituent of the TA-25 index and dual-listed on the NYSE, raised US $266 million debt capital in a public bond offering. Since the beginning of 2012 the business sector has raised US $2.7 billion, as opposed to US $11.4 billion in the entire 2011 year.

• The Government of Israel floated US $420 million bonds on the local market, bringing the year-to-date total of government bond issues to US $4.9 billion.

• The Central Bureau of Statistics released February cost of living figures. The CPI index remained unchanged in February for the third month running, following 2011 in which the index increased 2.2%.

• Figures released by the Bank of Israel indicate that the Composite State-of-the-Economy index increased 0.2% in February 2012, for the fifth month running. The increase in this index signals continued economic expansion, albeit at a slower pace than that posted in the third quarter of 2011.

• The NIS/ US dollar exchange rate on 22 March came to 3.755 a weekly decrease of 0.4% against the shekel. Since the beginning of the year, the dollar has depreciated 1.7% against the NIS.

• The NIS/Euro exchange rate on 22 March came to 4.9414, a 0.4% increase over the week. Since the beginning of the year, the Euro has gained 0.1% against the NIS.