Weekly Review: 10 - 14 March 2013


10 - 14 March 2013
Trading on the Tel-Aviv Stock Exchange (TASE) during the second week of March was marked by a mixed trend.
The TA-25 index increased 1.1% over the week, bringing year-to-date increase to 4.6%.
The TA-100 index increased 0.7% over the week, bringing year-to-date increase to 5.2%.
Government Bonds
This week the Ministry of Finance floated US $0.5 billion government bonds in an offering on the local market.
Since the beginning of the year, the Israeli government has raised US $4.2 billion from public bond offerings.
Economic Growth
The Central Bureau of Statistics released 2012 summary that indicate the growth rate decreased from 5% in 2010 and 4.6% in 2011 to 3.1% in 2012.
Government Deficit
Figures released by the Ministry of Finance indicate that the government deficit amounted to US $1.2 billion in February 2013, after a surplus of US $0.7 billion in January 2013.
Thus bringing the January-February 2013 deficit to US $0.5 billion, compared to a surplus of US $0.8 billion in January-February 2012.
Sector Indices
YTD 2013
TA Bluetech-50
TA Banks
TA Real Estate-15
Foreign Exchange
Facts & Figures
The Tel-Aviv Stock Exchange features in February 2013:
·   529 companies listing equities (Ex. ETNs).
·   441 index-tracking products.
·   35 series of government bonds.
·   88 Series of Institutional bonds.
·   647 series of corporate bonds.
·   1,294 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 169
o    Government bonds – 124
o    Corporate bonds - 100
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.