TA-25
The TA-25 index decreased 0.3% over the week, bringing year-to-date increase to 1.3%.
TA-100
The TA-100 index decreased 0.4% over the week, bringing year-to-date increase to 4.4%.
TA-Biomed
The TA-Biomed index stood out and increased 4.2% over the week and bringing returns since the beginning of 2013 to 24%. |
Dual Listings
OPKO Health, whose shares are traded on the NYSE, completed a dual listing of its share on TASE, starting 21 August, 2013. OPKO is an American company which invests in bio-pharma and diagnostic R&D firms.
Having a market cap of US $2.8 billion, it is anticipated that the company’s shares will be “fast tracked” on to the TA-25 and TA BlueTech-50 indices this coming October.
Corporate Bonds
Three real estate companies raised US$62 million in public bond offerings.
Since the beginning of the year the business sector has raised US $6.5 billion through bond offerings. Real estate companies stood out, raising 43% of the total
Government Bonds
This week the Ministry of Finance (MoF) floated US $0.3 billion government bonds in an offering on the local market.
Since the beginning of 2013 the MoF raised US $12.3 billion in public bond offerings as opposed to US $21.3 billion in 2012.
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Growth Rate
Figures released by the Central Bureau of Statistics indicate that economic growth came to 5.1% (annualized) in the second quarter of 2013, compared to 2.7% in the previous quarter and 3.1% in the last quarter of 2012.
CPI Index
Figures release by the Central Bureau of Statistics (CBS) indicate that the Consumer Price Index (CPI) increased by 0.3% in July.
Since the beginning of the year, the CPI has risen 1.6%, similar to its increase for the entire 2012 year.
Composite State-of-the Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the-Economy Index increased 0.2% in July.
The accelerated pace of increase in the index over the past most stems primarily from accelerated growth of private sector production in the second quarter of the year. |