Nonresidents invested a net $260 million in Tel Aviv Stock Exchange (TASE) listed shares in July, after $280 million net sales in May-June. Nonresidents also invested a net $40 million in Israeli shares traded abroad in July, the Bank of Israel reported today.
Nonresidents also invested a net $510 million in government bonds and about $10 million in makams (short-term Treasury notes) in July, after net sales of $1.5 billion in government bonds and $3.3 billion in makams in the first half of the year. $400 million of government bonds traded abroad were sold in July.
Nonresidents' net direct investment in Israel via domestic banks totaled $360 million in July, most of which was invested in the manufacturing sector.
Securities sell-off by Israelis
Israelis sold a net $120 million in foreign shares in July. $290 million in sales of shares by the business sector were partially offset by investments by institutional investors. Israelis also sold a net $30 million in tradable foreign bonds. Net sales of $150 million in bonds by institutional investors were partly offset by net investments by the business sector and households.
Israelis' net direct foreign investment was minus $100 million in July.
Published by Globes [online], Israel business news - www.globes-online.com - on September 5, 2012
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