July Tel Aviv Stock Exchange

Trading on the Tel-Aviv Stock Exchange (TASE) during July was marked by declines in most equity indices

The TA-25 index increased 0.2%, bringing year-to-date increase to 3.7%. The TA-100 index decreased 0.1%, bringing year-to-date increase to 5.9%.The TA-Com index stood out and increased 2.9% and bringing returns since the beginning of 2013 to 26%.

Corporate Bonds

The business sector has raised US $155 million in public bond offerings this week. Since the beginning of the year the business sector has raised US $5.7 billion through bond offerings. Real estate companies stood out, raising 43% of the total.

The Bank of Israel released figures indicating the Composite State-of-the-Economy index increased 0.1% in June. This increase indicates a continuation of slow economic growth.

Facts & Figures

The Tel-Aviv Stock Exchange features in June 2013:

  • 521 companies listing equities (Ex. ETNs).
  • 462 index-tracking products.
  • 34 series of government bonds.
  • 79 Series of Institutional bonds.
  • 639 series of corporate bonds.
  • 1,252 mutual funds.
  • Market Cap. (US$ billions)
    • Equities – 172
    • Government bonds – 129

“Indeed, from technology to real estate players like Ron Hershco, diamonds to tourism, the Israeli economy is exciting internationally,” said Ami Mesika.

Filed Under: BusinessJewish business News

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