Tel Aviv Stock Exchange Weekly Review: 25-29 May 2014

TEL AVIV, Israel, May 29, 2014 /PRNewswire/ --

A-25  

The TA-25 index increased 0.3% over the week, bringing year-to-date increase to 4.8%.

TA-100  

The TA-100 index increased 0.5% over the week, bringing year-to-date increase to 4.1%.

TA-Oil & Gas 

The TA -Oil & Gas decreased 1.1% over the week, bringing year-to-date increase to 8.9%.

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

Share Offering (IPO) 

Ashtrom Group made an initial public offering of US $77 million - the largest IPO made on TASE since June 2010.

Since the beginning of the year, the business sector raised US $1.2 billion through share offerings on the TASE, after raising US $1.7 billion for the whole of 2013.

Corporate Bonds 

There were three corporate bond offerings this week of US $390 million, of which US $340 million by the new real-estate company "Ashtrom Group".

Since the beginning of the year the business sector raised US $6.5 billion through bond offerings of which US $3.3 billion on the "TACT Institutional" system, after raising US $10.1 billion for the whole of 2013.

Government Bonds 

This week the Ministry of Finance (MoF) made a public bond offering listed on the TASE amounting to US $0.3 billion.

Since the beginning of the year the MoF raised US $6.7 billion in bond offerings on the Tel-Aviv Stock Exchange, after raising US $18.2 billion for the whole of 2013.

BOI Interest Rate 

The Bank of Israel kept the interest rate unchanged at 0.75% for June 2014, 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 remained unchanged in April, for the second consecutive month, reflecting a moderation growth of the economy compared with the two previous months.

Israel Credit Rating 

Credit rating agency, Fitch Ratings, confirmed Israel's A credit rating with outlook "Positive".

Unemployment 

The Central Bureau of Statistics released figures indicating the unemployment rate in April decreased to 5.6%, compared with 5.8% in the first quarter of the year and an average of 6.3% for 2013.

Sector Indices

                        WEEK   2014
    TA Bluetech-50      2.2%  -3.3%
    TA Banks            0.5%   0.1%
    TA Real Estate-15   0.7%   1.3%

   Foreign Exchange

                 WEEK   2014
    Dollar/NIS  -0.4%   0.1%
    Euro/NIS    -0.4%  -1.0%

Facts & Figures 

The Tel-Aviv Stock Exchange features in April 2014:

• 485 companies listing equities.
• 562 Exchange Traded Notes.
• 34 series of government bonds.
• 72 Series of Institutional bonds.
• 593 series of corporate bonds.
• 1,273 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 214
  • Government bonds - 142
  • Corporate bonds - 90

About TASE 

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