FDI down at $507M in March - Israel Business, Ynetnews

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Foreigners invest net $80 million in shares on Tel Aviv Stock Exchange in March
Foreigners invest net $80 million in shares on Tel Aviv Stock Exchange in March 

FDI down at $507M in March

Foreign direct investment through distributed across range of companies, Bank of Israel says

Published: 05.07.13, 08:00 / Israel Business

Israel received $507 million worth of foreign direct investment through local banks in March, down from $1.04 billion in February but above $340 million in January, the Bank of Israel said on Sunday.


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Foreign direct investment in March was distributed across a range of companies, the central bank said. In February, FDI jumped due to a $650 million acquisition by NCR of Israeli retail software company Retalix.


Foreigners invested a net $80 million in shares on the Tel Aviv Stock Exchange in March, following net investment of $550 million the prior two months.


In March, foreigners sold around $320 million net in unlinked government bonds that had matured and sold around $70 million in short-term bills called makams.


Preliminary figures for April indicate sales of about $100 million in makams, investment of $530 million in government bonds and purchases of $100 million in Tel Aviv-traded shares.



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