TEL AVIV, Israel, December 26, 2013 /PRNewswire/ --
The TA-25 index increased 0.8% over the week, bringing year-to-date increase to 12.5%.
The TA-100 index increased 1.1% over the week, bringing year-to-date increase to 15.2%.
The TA- Technology index increased 3.9% over the week, bringing year-to-date increase to 6.6%.
BAZAN-Oil Refineries raised US $150 million in a rights offering to existing shareholders.
Since the beginning of the year the business sector has raised US $1.7 billion through share offerings, as opposed to US $0.9 billion in 2012.
Three public bond offerings were completed this week, raising a total of US $165 million.
Since the beginning of the year the business sector raised US $9.8 billion in corporate bond offerings, as opposed to US $10.3 billion in the entire 2012 year. Real estate companies stand out, accounting for 47% of this sum.
This week the Ministry of Finance (MoF) floated US $0.2 billion government bonds in an offering on the local market.
Since the beginning of 2013 the MoF raised US $18.2 billion in public bond offerings as opposed to US $21.3 billion in 2012.
The Bank of Israel kept the interest rate for January 2014 unchanged at 1% for the fourth consecutive month.
Composite State-of-the-Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the-Economy index increased 0.2% in November,
Economic Growth Forecast
The Bank of Israel released its macroeconomic forecast which estimates a GDP growth of 3.5% in 2013, and project 3.3% and 3.2% growth for the years 2014 and 2015 respectively.
WEEK YTD TA Bluetech-50 2.6% 9.1% TA Banks 2.5% 17.0% TA Real Estate-15 2.0% 24.3%
WEEK YTD Dollar/NIS -0.7% -6.5% Euro/NIS -0.3% -2.8%
Facts & Figures
The Tel-Aviv Stock Exchange features in November 2013:
- 511 companies listing equities (Ex. ETNs).
- 495 index-tracking products.
- 33 series of government bonds.
- 71 Series of Institutional bonds.
- 623 series of corporate bonds.
- 1,246 mutual funds.
- Market Cap. (US$ billions)
- Equities - 196
- Government bonds - 137
- Corporate bonds - 89
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..
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