Tel Aviv Stock Exchange Weekly Review 3-7 November 2013

TEL AVIV, Israel, November 7, 2013 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of November ended up for most leading TASE indices; Companies continue to raise capital through public equity and debt offerings

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TA-25

The TA-25 index increased 1.7% over the week, bringing year-to-date increase to 10.5%.

TA-100

The TA-100 index decreased 2.1% over the week, bringing year-to-date increase to 13.1%.

TA- Com

The TA-Com index of communications companies stood out and increased 4.4% over the week and bringing returns since the beginning of 2013 to 54%.

Share Offerings

Three companies raised US $ 24 million in public share offerings.

Since the beginning of the year the business sector has raised US $5.2 billion through share offerings, as opposed to US $3.4 billion in 2012.

Corporate Bonds

Four real estate companies, led by Ashtrom Properties, completed public bond offerings this week, in which a total of US $102 million was raised.

Since the beginning of the year the business sector has raised US $8.7 billion through bond offerings, as opposed to $10.3 billion in 2012. Real estate companies stood out, raising 47% of the total.

Government  Bonds

This week the Ministry of Finance (MoF) floated US $0.4 billion government bonds in an offering on the local market.  

Since the beginning of 2013 the MoF raised US $16 billion in public bond offerings as opposed to US $21.3 billion in 2012.

Foreign Investors

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $120 million in TASE-listed shares in September, bringing total acquisitions since the beginning of 2013 to US $1.3 billion. This follows a net in share purchases of US $410 million in 2012.

In addition, foreign investors redeemed government bond holdings (3-year "Shahar" bonds) for a total of US $1.5 billion in September. Total foreign investor liquidation of government bond holdings since the beginning of 2013 came to US $2.3 billion.

Foreign investors also liquidated a net US $310 million in MAKAM T-bill holdings since the beginning of the year.

Sector Indices

                     WEEK   YTD
    TA Bluetech-50   1.9%  5.4%
    TA Banks         -0.1% 12.2%
    TA Real
    Estate-15        2.4%  25.2%

Foreign Exchange

               WEEK   YTD
    Dollar/NIS 0.3%  -5.3%
    Euro/NIS   0.3%  -2.9%

Facts & Figures

The Tel-Aviv Stock Exchange features in October 2013:

• 513 companies listing equities (Ex. ETNs).
• 491 index-tracking products.
• 33 series of government bonds.
• 74 Series of Institutional bonds.
• 617 series of corporate bonds.
• 1,248 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 189
  • Government bonds - 135
  • Corporate bonds - 90

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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