| NONRESIDENTS |
| There was an increase in nonresidents' net sales of shares in the Tel Aviv Stock Exchange, alongside continued investment in government bonds. |
| Investment in Israeli shares: In May 2010 nonresidents sold a net $790 million of Israeli shares traded on the TASE, following net sales of about $250 million in April. Most of the sales were of shares of chemical and communications companies, and reflected, among other things, investors' adjustment of their portfolios in light of Israel's reclassification as an advanced economy in the MSCI indices from 26 May. Concurrently nonresidents sold $280 million of Israeli shares traded abroad. |
| Bonds: In May nonresidents’ invested a net $680 million in Israeli government bonds and makam (short-term Bank of Israel bills) on the TASE: about $900 million was invested in makam, and this was partly offset by net sales of $210 million of government bonds. Nonresidents sold a net $230 million of Israeli government bonds traded abroad. |
| Nonresidents' direct investment:In May nonresidents invested a net $400 million in Israel via the banks, most of which was in the high-tech industry. |
| RESIDENTS |
| Institutional investors sold some holdings of foreign shares abroad. |
| Shares: In May 2010 Israelis invested about $30 million net in foreign shares traded abroad: investments of about $270 million by households and the business sector were partly offset by net sales of $240 million by institutional investors. |
| Bonds:Israelis invested a net $210 million in foreign bonds in May 2010. Most of this consisted of investments by institutional investors. |
| Direct investments abroad: In May Israelis made net direct investments abroad totaling about $40 million; most of this was invested in real estate.
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