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Foreign Investments in TASE Soar in November

Non-Israelis infused the country with $560 million in direct investments in November 2009, up significantly from October.
By Malkah Fleisher
First Publish: 1/5/2010, 11:06 PM

photo (file)

Non-Israelis infused the country with $560 million in direct investments in November 2009, up significantly from October.  The Bank of Israel says the majority of the investments were in the financial and high-tech industries on the Tel Aviv Stock Exchange (TASE).

Foreigners also invested approximately $140 million in Israeli shares traded abroad, according to Reuters, as well as $430 million in Israeli government bonds.

The TASE rose for the fifth straight day Tuesday. Despite the Bank of Israel buying $300 million in US dollars in order to strengthen the American currency for Israeli importers and exporters, the shekel-dollar exchange rate fell to 3.736 shekels to the dollar.

The companies that trade on the TASE include local banks, telecommunications companies and other strong players in Israel's economy.