$60m net foreign investment in TASE in September

Israelis invested a net $740 million in foreign shares in September.

Nonresidents invested a net $60 million in Tel Aviv Stock Exchange (TASE) shares in September 2012, the Bank of Israel announced today, after investing a net $430 million in July-August. However, preliminary figures for October indicate net sales of TASE-traded shares by nonresidents.

Nonresidents invested a net $110 million in government bonds in September and sold a net $15 million in makams. $80 million of government bonds traded abroad were sold in September

Direct foreign investment via domestic banks totaled $200 million in September, most of which was invested in the manufacturing and high tech sectors, and was spread among a relatively large number of companies.

Israelis invested a net $740 million in foreign shares in September, of which $590 million was invested by institutional investors, $130 million by the business sector, and $20 million by households. Israelis also sold a net $60 million in tradable bonds abroad in September.

Direct foreign investment by Israelis totaled $125 million in September, mostly in the insurance and provident fund industry.

Published by Globes [online], Israel business news - www.globes-online.com - on November 6, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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