- Trading on the Tel-Aviv Stock Exchange (TASE) on the fourth week of August was characterized by sharp declines in prices in all the leading share indices similar to the trend worldwide;
- Huge redemptions of mutual funds by the public;
- Continued offerings in the bond markets by the business sector
TA-25 index
The TA-25 index decreased 5.8% over the last week, and increased 9.0% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
TA-100 index
The TA-100 index decreased 5.3% over the last week, and increased 8.5% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA-Oil & Gas index
The Ta-Oil & Gas index declined this week by 7.9%.
Since the beginning of the year the index increased by 8.5%, after a decrease of 20.1% in 2014.
Corporate Bonds
This week there was one bond offerings to the public by the real estate company Gazit Globe that raisedUS$ 188 million.
Since the beginning of the year the business sector raised US$ 10.6 billion through bonds on TASE
Government Bonds
The Ministry of Finance (MoF) did not make a bond offering this week listed on the TASE.
Since the beginning of the year, the MoF raised a total of US$ 6.9 billion in bond offerings on the TASE.
Mutual Fund Redemptions
Due to the falls in prices in Israel and worldwide, net redemptions by the public were recorded this week (up to Wednesday) in mutual funds totaling US$ 0.9 billion, of which US$ 0.55 billion on Monday.
Bank of Israel Interest Rate
The Bank of Israel left the interest rate unchanged at 0.1% for September 2015.
Unemployment
The Central Bureau of Statistics published figures this week indicating that the unemployment rate remained unchanged at 5.3% in July, as in June, compared with 5% in the months of April - May and compared with 5.9% on average for 2014.
Sector Indices
WEEK 2015
TA Tech-Elite -5.0% 5.1%
TA Banks -5.9% 10.3%
TA Real
Estate-15 -3.5% 12.6%
Foreign Exchange
WEEK 2015
Dollar/NIS 1.4% 1.0%
Euro/NIS 1.8% -6.2%
Facts & Figures
The Tel-Aviv Stock Exchange features in July 2015:
- 469 companies listing equities.
- 629 Exchange Traded Notes.
- 31 series of government bonds.
- 72 Series of Institutional bonds.
- 590 series of corporate bonds.
- 1,352 mutual funds.
- Market Cap. (US$ billions)
- Equities - 226
- Government bonds - 130
Corporate bonds - 83