Weekly Review: 25 - 29 August 2013

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25-29 August 2013
 
 
Following the deterioration of  the situation in Syria, trading on TASE during the final week of August ended in price declines for most share price indices, as was the trend at leading securities exchanges around the world.
 
 
 
TA-25
The TA-25 index decreased 1.9% over the week, bringing year-to-date decrease to 0.6%.
 
TA-100
The TA-100 index decreased 1.2% over the week, bringing year-to-date increase to 3.1%.
 
TA-Oil & Gas
The TA-Oil & Gas index of communication stood out and decreased 4.2% over the week and bringing returns since the beginning of 2013 to 3.7%.
Corporate Bonds
Two real estate companies raised US$200 million in public bond offerings.
Since the beginning of the year the business sector has raised US $6.7 billion through bond offerings. Real estate companies stood out, raising 45% 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 $12.6 billion in public bond offerings as opposed to US $21.3 billion in 2012.
BOI Interest Rate
The Bank of Israel left its September interest rate unchanged at 1.25%, for the fourth consecutive month.
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
0.2%
3.1%
TA Banks
 -1.6%
-0.8%
TA Real Estate-15
 -2.2%
 15.6% 
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
  1.2%
-2.8%
Euro/NIS
   0.5%
-2.2%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in July 2013:
·   518 companies listing equities (Ex. ETNs).
·   461 index-tracking products.
·   34 series of government bonds.
·   77 Series of Institutional bonds.
·   614 series of corporate bonds.
·   1,251 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 176
o    Government bonds – 133
o    Corporate bonds - 88
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.
International
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.