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| In keeping with the trend in securities markets around the world, trading on the Tel Aviv Stock Exchange (TASE) during the last week of April was marked by declines in all leading indices.
The TA-25 index which decreased by 3% this week is still higher by 1.7% from its level at the beginning of this year, after a sharp rise of 75% rate of return attained in 2009.
The TA-100 index decreased this week at a similar rate and is now higher by 3.1% year-to-date, after a sharp rise of 89% rate of return attained in 2009.
The "Finance-15", index of leading finance companies shares dropped 3.7%, followed by the index of large real estate companies shares (Estate-15) and the Tel-Tech 15 index dropped 2.1% and 1.4%, respectively.
In corporate bond issues carried out this week by Bank Hapoalim and Partner Communications (TA-25 companies) - the companies raised US $350 million and US $270 million, respectively. Business sector bond issuance for the first trimester of the year totaled at US $3.8 billion, of which 40% by banks.
The Israeli treasury raised US $490 million this week in a local government bond issue, bringing the 2010 total to US $5 billion.
The Bank of Israel announces that the interest rate for May 2010 will remain unchanged at 1.5%.
The composite state-of-the-economy index for April rose by 0.6 % - a continuous rise in the past year, pointing to continued recovery in economic activity. The Bank of Israel's also published its forecast of growth for 2010 at 3.7% and 4% for 2011, this compared with actual growth of 0.7% in 2009.
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