Tel Aviv Stock Exchange >> Weekly Trading Summary: 27 November – 1 December, 2016

Weekly Trading Summary:
27 November – 1 December, 2016

Trading on the Tel Aviv Stock Exchange (TASE) in the final week of November ended down in most of the leading share indices; further offerings in the bond market – the energy company “Paz Oil” made a huge offering to the public and raised US$ 336 million.

TA-25 index

The TA-25 index decreased 0.8% over the last week and decreased 5.9%, since the beginning of the year.

TA-100 index

The TA-100 index decreased 0.6% over the last week, and decreased 4.3% since the beginning of the year.

TA-Biomed index

The TA-Biomed index decreased 5.6% over the last week, and decreased 14.7% since the beginning of the year.

TA RealEstate-15
The TA RealEstate-15

Index increased 3.0% over the last week, and increased 18.4% since the beginning of the year.

Offerings:

Share Offerings

This week, there was a rights issue in the stock market on the Tel Aviv Stock Exchange by the biomed company Amnis Therapeutics, amounting to US$ 0.5 million. Since the beginning of the year, US$ 1.5 billion was raised on the TASE share market.

Corporate Bond Offerings

This week, there were three bond offerings to the public by companies on the Tel Aviv Stock Exchange, amounting to US$ 488 million:

·      The energy company Paz Oil raised US$ 336 million.

·      The investment company IDB Development and the real estate company Africa Israel Properties raised US$ 100 million and US$ 52 million respectively

Since the beginning of the year, the business sector raised US$ 16 billion on the TASE bond market.

Government Bond Offerings

This week, the Ministry of Finance (MoF) made a bond offering on the Tel-Aviv Stock Exchange, amounting to US$ 0.3 billion. Since the beginning of the year, the MoF raised US$ 11.5 billion in bond offerings on the TASE.

Other Information:

BOI Interest Rate

The Bank of Israel left the interest rate unchanged, for the 21 consecutive month, at 0.1% for December 2016.

Follow-on and Shelf Prospectuses

This week, six follow-on prospectuses were published, in which an initial public offering will be made on the TASE:

·       The logistics company Overseas is expected to issue shares (IPO).

·       Five foreign real estate companies –Namco, Wharton, Southern, Cornerstone and Elad National – are expected to make an initial bond offering.

This is the last week for publishing shelf prospectuses based of the financial statements for June 2016, and to shelf prospectuses were published under which companies can raise capital in the next few years.

Sector Indices

Foreign Exchange

Facts & Figures

The Tel-Aviv Stock Exchange features in October 2016:

·   452 companies listing equities.

·   692 Exchange Traded Notes.

·   30 series of government bonds.

·   59 Series of Institutional bonds.

·   608 series of corporate bonds.

·   1,400 mutual funds.

·   Market Cap. (US$ billions)

o    Equities - 212

o    Government bonds- 130

o    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.