Foreign investors bought a net $400 million of Tel Aviv Stock Exchange (TASE) stocks in May 2009, after selling a net $200 million in March-April, the Bank of Israel reported today. Most of the investment was in chemical and pharmaceutical company shares. At the same time, foreign investors sold a net $280 million of Israeli shares traded abroad.
Foreign investors also bought $180 million worth of government bonds during May, mostly Shahar unlinked bonds. Foreign direct investment totaled $300 million, unchanged from March and April.
Israelis invested a net $790 million in tradable foreign shares abroad in May. Institutional investors bought $535 million of foreign stocks, while households and the business sector each bought $130 million. Israelis bought $508 million worth of foreign stocks in April, continuing the trend since the beginning of the year.
Israelis also bought $375 million worth of foreign bonds in May, and made $60 million in direct foreign investment.
Published by Globes [online], Israel business news - www.globes-online.com - on July 5, 2009
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