Weekly Review: 22 - 26 July 2012 Trading on the Tel Aviv Stock Exchange (TASE) during the fourth week of July was marked by a mixed trend.

• The TA-25 index increased 1.3% over the week, bringing year-to-date increase to 0.7%.                     
         
• The TA-100 index increased 0.5% over the week and 1.0% since the beginning of the year.

• The TA Bluetech-50 index increased 2.2% over the week, while the TA Real Estate-15 and TA Banks indices lost 3.6% and 2.0% respectively. Since the beginning of the year the TA BlueTech-50 has increased 30%, and the TA Banks and TA Real Estate-15 indices decreased 13% and 9% respectively.

• The government of Israel floated US 430 million bonds on the local market in this past week, bringing the year-to-date total of government bond issues to US
$ 12.6 billion, as opposed to US $ 18 billion in the 2011 calendar year.

• The Bank of Israel left interest rates unchanged in August, at a level of 2.25%.

• The Composite State-of-the-Economy index increased 0.2% in June- maintaining the rate of increase recorded since the beginning of this year. This indicates the continuation of economic development, albeit at a relatively slower pace than that of the year of 2011.

• The NIS/dollar exchange rate on July 26 came to 4.079 NIS, a weekly increase of 2.1% against the shekel, which brings the year-to-date appreciation of the dollar to 6.8% against the shekel.

• The NIS/Euro exchange rate on July 26 was 4.9827 shekel, a weekly increase of 1.6% against the shekel. Since the beginning of the year, the Euro has appreciated 0.9% against the shekel.