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SOURCE Tel Aviv Stock Exchange Ltd
Trading on the Tel Aviv Stock Exchange (TASE) during the last week of February was marked by price gains for most leading TASE indices; Companies continue to raise capital through debt offerings
TEL AVIV, Israel, February 27, 2014 /PRNewswire/ --
The TA-25 index increased 2.0% over the week, bringing year-to-date increase to 1.6%.
The TA-100 index increased 2.5% over the week, bringing year-to-date increase to 4.0%.
The TA-Insurance index increased 4.7% over the week, bringing year-to-date decrease to 1.5%.
The TA-Com index decreased 1.6% over the week, bringing year-to-date decrease to 3.5%.
This week two companies made bond offerings amounting to US 180 million.
Since the beginning of the year the business sector raised US $2.3 billion through bonds, of which US $0.8 billion on the "TACT Institutional" system.
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 $2.7 billion.
5 new ETNs were issued this week on foreign share indices, of which 4 were currency-neutral certificates.
BOI Interest Rate
The Bank of Israel lowered the interest rate by a quarter of a percent to 0.75% for March 2014. This decrease in the interest rate is after five months during which interest remained unchanged.
The Central Bureau of Statistics released figures indicating that the unemployment rate in January remained unchanged at the level of 5.9% for the previous month, and lower than the average for 2013 of 6.3%.
WEEK 2014 TA Bluetech-50 3.7% 8.4% TA Banks 2.2% -4.2% TA Real Estate-15 3.2% 1.4%
WEEK 2014 Dollar/NIS 0.2% 1.3% Euro/NIS -0.2% 0.4%
Facts & Figures
The Tel-Aviv Stock Exchange features in January 2014:
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
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