Weekly Review: December 5-9, 2010

Keeping with the global trend, trading on the Tel Aviv Stock Exchange (TASE) during the second week of December was marked by high volatility and price gains in all the leading indices.
 
The TA-25 index, which gained 2.9% this week, closed with a year-to-date return of 13.4%, after recording a 75% gain in 2009. On Thursday, December 9th, the TA-25 reached a new record at the value of 1298.97 points.
 
The TA-100 index, which rose in a similar rate, clocked a year-to-date return of 12.6%, after an 89% increase in 2009. On Thursday, December 9th, the TA-100 reached a new record at the value of 1198.91 points.
 
The Real Estate-15 index stood out this week with a 4.3% increase. The Finance index and the Tel Tech-15 index gained 3.3% and 2.8%, respectively.
 
The Israeli government raised US $400 million this week in a local government bond issues, bringing the year-to-date total to US $14.3 billion, as opposed to US $17.4 billion in 2009.
 
The Bank of Israel publications indicate that foreign investors have increased their investments in Israeli shares traded on the Tel Aviv Stock Exchange: About US $436 million in October and about US $660 million since the beginning of Q2, 2010.

Also, there is a major increase in nonresident investments in Makam (T-bills). In October, nonresidents invested US $4 billion in Makam and about US $9 billion since the beginning of the year.