FDI up to $402M in December
Most of foreign direct investment through local banks concentrated in high-tech sector, Bank of Israel says
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.
