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Foreigners sell net $90 million in shares on TASE in December
FDI up to $402M in December
Most of foreign direct investment through local banks concentrated in high-tech sector, Bank of Israel says
Israel received $402 million worth of foreign direct investment (FDI) through local banks in December, up from $357 million in November, the Bank of Israel said on Wednesday.

 

Most of the foreign direct investment in December was concentrated in the high-tech sector, the central bank said.

 

Foreigners sold a net $90 million in shares on the Tel Aviv Stock Exchange in December, following net sales of $110 million in November.

 

Foreigners' activity in government bonds was small while they sold $200 million in short-term bills called makams, as well as buying $200 million of government bonds traded abroad.

 

Preliminary figures for January indicate sales of some $160 million in makams, investment of $320 million in government bonds and investment of $310 million in Tel Aviv-traded shares.

 

For all of 2012, foreigners invested about $430 million in Tel Aviv-listed shares and another $660 million in Israeli shares traded abroad. They also sold a net $3.6 billion in makams and $230 million of shekel-denominated government bonds.

 

 

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