Weekly Review: 24-28 February 2013

24 - 28 February 2013
Trading on the Tel-Aviv Stock Exchange (TASE) during the last week of February was marked by price gains in all leading TASE's indices.
The TA-25 index increased 0.3% over the week, bringing year-to-date increase to 3.0%.
The TA-100 index increased 0.4% over the week, bringing year-to-date increase to 4.0%.
The TA-Biomed index stood out and increased 1.8% over the week and bringing return since the beginning of the year to 8.5%.
Government Bonds
This week the Ministry of Finance floated US $0.4 billion government bonds in an offering on the local market.
Since the beginning of the year, the Israeli government has raised US $3.2 billion from public bond offerings.
Corporate  Bonds
Six companies raised US $245 million in public bond offerings. Since the beginning of the year the business sector raised US $2.3 billion by bonds
Next week the "Zarasai Group", a foreign real estate company, is about to issue a first series of bonds of   US $ 92 million.
Shelf Offerings
Today was the last date for publishing of shelf offering prospectuses based on September 2012 financial statements. 13 companies have published shelf offering prospectuses, which will enable them to raise funds in the next two years.
BOI Interest Rates
The bank of Israel left the interest rate unchanged, three months in a roll at 1.75% per annum.
Sector Indices
YTD 2013
TA Bluetech-50
TA Banks
TA Real Estate-15
Foreign Exchange
Facts & Figures
The Tel-Aviv Stock Exchange features in January 2013:
·   533 companies listing equities.
·   440 index-tracking products.
·   34 series of government bonds.
·   642 series of corporate bonds.
·   1,290 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 163
o    Government bonds – 122
o    Corporate bonds - 99
About TASE
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.
In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.