24- 28 August 2014 Trading on the Tel Aviv Stock Exchange (TASE) during the fourth week of August ended up for all leading share indices. Continued offerings in equity market
TA-25 The TA-25 index increased 1.8% over the week, bringing year-todate increase to 5.6%.
Convertible bonds and BOI Interest Rate The Bank of Israel lowered the shares
interest rate by 0.25% for September 2014, for the third time this year, to an historic low rate of 0.25%.
The TA-100 index increased 1.9% over the week, bringing year-to-date increase to 4.7%.
This week there were two share offerings and one rights issue, in which three high-tech companies raised US $15 million. Most of the amount, US $9 million, was raised by Procognia in a convertible bond offering. Since the beginning of 2014 the business sector raised US $1.6 billion through share offerings on the TASE, after raising US $1.7 billion for the whole of 2013.
TA-Com
Government Bonds
The TA-Com index increased 4.9% over the week, bringing year-to-date increase to 8.6%.
The Ministry of Finance (MoF) did not make any bond offering listed on the TASE this week. Since the beginning of the year the MoF raised US $10.9 billion in bond offerings on the TASE, after raising US $18.2 billion for the whole of 2013.
TA-100
Sector Indices TA BlueTech TA Banks TA Real Estate-15
WEEK 3.0% 2.0% 2.5%
Composite State-of-theEconomy Index The Bank of Israel released figures indicating that the Composite State-of-the-Economy index was unchanged in July. The deterioration in the development of the Index relative to previous months, in which the Index rose at a rate of 0.1%-0.2% per month, reflects some of the economic repercussions of the security situation in Southern Israel.
Unemployment The Central Bureau of Statistics released figures indicating the unemployment rate decreased in July to 6.2%, compared with 6.5% in the previous month and an average of 6.3% for 2013.
Foreign Exchange 2014 -7.6% -0.1% 2.6%
Dollar/NIS Euro/NIS
WEEK 1.2% 0.4%
2014 2.6% -1.8%
Facts & Figures
About TASE
International
The Tel-Aviv Stock Exchange features in July 2014: 475 companies listing equities. 591 Exchange Traded Notes. 34 series of government bonds.
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole securities exchange, offering an increasingly sophisticated range of
In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange,
74 Series of Institutional bonds. 595 series of corporate bonds. 2,187 mutual funds. Market Cap. (US$ billions) o Equities - 218 o Government bonds – 147 o Corporate bonds - 92
products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.
NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.
For more information please contact: Idit Yaaron or Orna Goren, TASE, +972 (076) 021868501 Visit the Tel Aviv Stock Exchange's Website: www.tase.co.il