Net foreign investment in the Tel Aviv Stock Exchange (TASE) totaled $700 in 2011, but non-residents sold a net $210 million worth of Israeli shares traded on foreign exchanges, the Bank of Israel reported today. There was no net change in foreign investment on the TASE in either December or November.
Foreign direct investment totaled $574 million in December, mostly investment in the banking and high-tech industries, and $2.89 billion in the fourth quarter, half of which was in October.
Nonresidents sold a further net $820 million of makam in December, after selling $2 billion in November, and invested a net $140 million in government bonds. Nonresidents sold a net $8.7 billion worth of makam in May-December, and invested $4.2 billion in short and medium-term government bonds.
Israelis invested a net $4 billion in foreign shares, including a net $660 million in December, of which $570 million was invested by institutional investors. Israelis also sold a net $1.7 billion in tradable foreign bonds, although net investment totaled $110 million in December.
Direct foreign investment by Israelis totaled a net $80 million in December, mostly in the in the banking and chemical industries, after net sales of $570 million in November.
Published by Globes [online], Israel business news - www.globes-online.com - on February 5, 2012
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