Weekly Review: July 31 - August 4, 2011

Trading on TASE during the first week in August ended lower for all the leading share price indices.
  • The TA-25 index, which fell 6.3% over the week, is 12.9% lower than its beginning of the year level, after increasing 16% in 2010.
  • The TA-100 index declined at a similar rate and is now 14.4% lower than at the beginning of the year, after increasing 15% in 2010.
  • The TA Banks and TA Real Estate indices were off 7.9% and 6.8% respectively, while the Blue Tech 50 index fell 3.9%.
  • The Treasury issued government bonds on the local market this week equaling US$ 240 million. Since the beginning of the year the government raised US$ 9.7 billion in bond offerings, as opposed to US$ 15.2 billion in the 2010 year.
  • Figures released by the Bank of Israel indicate that foreign investors injected US $440 million into the TASE equity market in June and US $1.6 billion year-to-date, following a net withdrawal of 0.8 billion in 2010.
  • In addition, the Bank of Israel lowered its 2011 economic growth forecast to 4.8% from the previous forecast of 5.2%.
  • The NIS/US dollar exchange rate on 4 August came to NIS 3.489, a weekly gain of 1.7%. Since the beginning of the year, the dollar has depreciated 1.7% against the NIS, after depreciating 6% in 2010.
  • The NIS/Euro exchange rate on 4 August came to NIS 4.9734, up 1.6% over last week. Since the beginning of the year, the Euro has appreciated 5.0% against the NIS, after depreciating 12.9% in 2010.