Weekly Review: 11/9-15/9/2011

Trading on TASE during the second week of September was marked by high volatility and mixed trend.
  •  The TA-25 index, which lost 0.6% over the week, is 20.3% lower than its beginning-of-the-year level, following a 16% increase in 2010.
  • The TA-100 index was up 0.1%, is 21.9% lower than at the beginning of the year, following a 15% increase in 2010.
  • The BlueTech-50 index increased 3.4%, while the TA Banks and TA Real Estate-15 indices declined 0.9% and 0.3% respectively.
  • The international credit rating agency, S&P, raised the State of Israel's credit rating from A to A+.
  • The Treasury floated government bonds on the local market this week equaling US $440 million. The year-to-date total of government bond issues comes to US $11.5 billion, as opposed to US $15.2 billion for the entire 2010 year.
  • The NIS/dollar exchange rate on September 15 came to 3.686, a weekly decrease of 0.4% against the NIS and bringing the year-to-date appreciation Of the dollar to 3.9%, after depreciating 6% against the shekel in 2010.
    The NIS/Euro exchange rate on September 15 came to 5.0865 down 0.8% over last week. The Euro has appreciated 7.4% against the NIS since the beginning of the year, after depreciating 12.9% against the shekel in 2010.