Tel Aviv Stock Exchange Bi-Weekly Review: 15-24 September 2013

TEL AVIV, Israel, September 24, 2013 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the last two weeks - which, given the holidays came to only 6 trading days - ended up for all leading TASE indices.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

TA-25

The TA-25 index increased 4.5% over the last two weeks, bringing year-to-date increase to 6.0%.

TA-100

The TA-100 index increased 3.8% over the last two weeks, bringing year-to-date increase to 8.3%.

Corporate Bonds

Two companies completed bond offerings for a total sum of US $70 million.

Since the beginning of the year, the business sector raises US $7.4 billion through bond offerings. Real estate companies stood out, raising 45% of the total.

Government Bonds

In the past two weeks the Ministry of Finance (MoF) floated US $0.4 billion government bonds in offerings on the local market.  From the beginning of 2013 the MoF raised US $13.7 billion in public bond offerings as opposed to US $21.3 billion in 2012.

BOI Interest Rate

The Bank of Israel lowered the interest rate for October 2013 by a quarter of a percent, for the third time this year and after three months during which interest remained unchanged, to a level of 1.0%.

CPI Index

Figures released by the Central Bureau of Statistics indicate that in August 2013 the Consumer Price Index increased 0.2%.

Since the beginning of the year the CPI increased 1.8%, slightly higher than the increase for the entire 2012 year.

Growth Rate

Figures released by the Central Bureau of Statistics indicate that economic growth came to 3.3% (annualized) during the first half of 2013. This compares with 3.5% in the previous semester and 3.2% in the first half of 2012.

Sector Indices

                      2 WEEK
                      Period  YTD 2013
    TA Bluetech-50     2.1%     4.2%
    TA Banks           3.9%     6.2%
    TA Real
    Estate-15          3.4%    19.4%


Foreign Exchange

                          YTD
                2 WEEK
                Period    2013
    Dollar/NIS   -1.1%   -5.5%
    Euro/NIS      0.6%   -3.2%



Facts & Figures

The Tel-Aviv Stock Exchange features in August 2013:

  • 519 companies listing equities (Ex. ETNs).
  • 490 index-tracking products.
  • 34 series of government bonds.
  • 75 Series of Institutional bonds.
  • 613 series of corporate bonds.
  • 1,245 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 175
    • Government bonds - 132 

      Corporate bonds - 85

AboutTASE

Established in September 1935, the Tel-Aviv Stock Exchange is Israel's sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives

International

In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.

For more information please contact:

Idit Yaaron or Orna Goren, TASE, +972(3)5677-405/6
Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il

SOURCE Tel Aviv Stock Exchange Ltd



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