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Foreign investment rose in June

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Tuesday, August 9th, 2011

As reported in IVC:

Direct foreign investment totaled $500 million in June, mostly in high tech, above the monthly average of $410 million in the first half

Net foreign investment in Tel Aviv Stock Exchange (TASE) stocks totaled $440 million in June, 9% more than in May, and well above the $240 million monthly average in the first half of the year, the Bank of Israel reported today. Net investment in Israeli stocks traded abroad totaled $200 million in June. Most of the investments were in banks and pharmaceuticals stocks.

Direct foreign investment totaled $500 million in June, mostly in high tech, above the monthly average of $410 million in the first half.

Net foreign investment in government bonds totaled $155 million in June, compared with net sales of $400 million in May. Net sales of short-term Treasury notes (makams) declined to $120 million in June from $666 million in May.

Israelis sold a net $730 million in foreign shares in June. For the first time since the end of 2009, institutional investors sold some of their investments abroad, for a net $750 million. Most of the sales were of foreign mutual funds by insurance companies and pension funds. The business sector also sold a net $65 million of foreign investments.

Direct foreign investment by Israelis was negative in June, with $270 million in net sales, primarily in the chemicals sectors. Average monthly net direct foreign investment by Israelis was $200 million in the first half.