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. 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.