TASE- The Week in Review: November 1st - November 5th

Thu Nov 5, 2009 11:49am EST
 
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TEL AVIV, Israel--(Business Wire)--
In keeping with the trend in international financial markets, trading on the
Tel-Aviv Stock Exchange (TASE) during the first week of November was marked by a
mix trend. 

The TA-25 index remained without change during the week, after a relatively high
year-to-date return of 55%. The TA-75 index dropped 1.3%, yet continues to shine
with a cumulative year-to-date return of 129%. These extraordinary returns stem
from the sharp increase in share prices of companies involved in the discovery
of gas on two sites off Israel`s Mediterranean shore, earlier this year. 

Leading descending indices this week were the large real estate companies and
the major finance companies sliding 3% and 2% respectively, while the hi-tech
companies share prices raised 0.3%. 

"Delek Group" raised US $220 million in a public bond issue this week. The
"Israel Aerospace Industries", the largest aerospace and defense industry in
Israel (government owned), also raised US $120 million in a public bond issue
this week. Since the beginning of the year the private sector raised about US $7
billion in public bond issues - 45% higher than the amount raised in public bond
issues during the entire year of 2008. 

The Israeli treasury raised an additional US $320 million this week in a local
government bond issue. So far this year, the government has raised approximately
US $15.4 billion, slightly higher than the amount raised during the entire year
of 2008. 

About TASE:

Established in September 1935, the Tel-Aviv Stock Exchange is Israel`s sole
stock exchange, offering an increasingly sophisticated range of products to
investors, including equity, corporate bonds, treasury bills and notes, index
products and derivatives. The Tel-Aviv Stock Exchange features 627 companies
listing equities, 345 index-tracking products, 37 series of government bonds,
578 series of corporate bonds and 1136 mutual funds. As of September 2009, the
exchange`s market capitalization in equities was over US$200 billion. In recent
years, the exchange has enhanced its international presence, signing Memorandums
of Understanding with the London Stock Exchange, NASDAQ, the Shanghai Stock
Exchange and NYSE-Euronext. 

Visit the Tel Aviv Stock Exchange's Website www.tase.co.il

Grayling
Alistair Scott or Jonathan Shillington, 020-7255-1100
or
TASE
Idit Yaaron or Orna Goren, 972-3-5677564/405 

Copyright Business Wire 2009

 

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