TEL AVIV, Israel, August 22, 2013 /PRNewswire/ --
Biomed company, OPKO Health, dual listed on TASE. Trading has started and it is anticipated that OPKO shares will join the TA-25 and TA BlueTech-50 indices in October; Trading on the Tel-Aviv Stock Exchange (TASE) during the third week of August was marked by mixed trending in all leading indices.
The TA-25 index decreased 0.3% over the week, bringing year-to-date increase to 1.3%.
The TA-100 index decreased 0.4% over the week, bringing year-to-date increase to 4.4%.
The TA-Biomed index stood out and increased 4.2% over the week and bringing returns since the beginning of 2013 to 24%.
OPKOHealth, whose shares are traded on the NYSE, completed a dual listing of its share on TASE, starting 21 August, 2013. OPKO is an American company which invests in bio-pharma and diagnostic R&D firms.
Having a market cap of US $2.8 billion, it is anticipated that the company's shares will be "fast tracked" on to the TA-25 and TA BlueTech-50 indices this coming October.
Three real estate companies raised US$62 million in public bond offerings.
Since the beginning of the year the business sector has raised US $6.5 billion through bond offerings. Real estate companies stood out, raising 43% of the total
This week the Ministry of Finance (MoF) floated US $0.3 billion government bonds in an offering on the local market.
Since the beginning of 2013 the MoF raised US $12.3 billion in public bond offerings as opposed to US $21.3 billion in 2012.
Figures released by the Central Bureau of Statistics indicate that economic growth came to 5.1% (annualized) in the second quarter of 2013, compared to 2.7
|SOURCE Tel Aviv Stock Exchange Ltd|
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