Israel Stocks: Azorim, Avner Oil, Delek, Exalenz, Gilat, Ratio
Israel’s TA-25 Index gained for the second time this week, increasing 0.2 percent to 1,248.11 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.86 billion shekels ($505 million) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
Avner Oil Exploration-LP (AVNRL IT) jumped the most since Sept. 26, climbing 4 percent to 2.282 shekels. Clal Finance Brokerage Ltd. raised its recommendation on the Israeli gas explorer and Delek Drilling-LP (DEDRL IT) to “buy” from “market perform.” Delek advanced 2.2 percent to 12.67 shekels. Ratio Oil Exploration 1992-LP (RATIL IT), which Clal raised to “outperform” from “underperform” gained 2.4 percent to 0.469 shekel.
Azorim Investment Development & Construction Co. (AZRM IT) dropped to the lowest level since Oct. 12, retreating 2.5 percent to 16.28 shekels. Boymelgreen Capital Ltd. (BMGN IT), which owns about 64 percent of the real estate developer, said the Israel Securities Authority searched the offices of both companies. Boymelgreen said it believes the probe relates to a suspicion of a breach of securities law. Boymelgreen was unchanged at 3.323 shekels.
Exalenz Bioscience Ltd. (EXEN IT) jumped the most since June 20, increasing 6.1 percent to 1.006 shekels. The Israeli developer of breath-testing systems to diagnose and manage diseases reached a cooperation agreement on its BreathID system with Pfizer Inc.
Gilat Satellite Networks Ltd. (GILT IT) climbed the most in more than a month, advancing 2 percent to 18.22 shekels. The Israeli developer of satellite networking technology posted third-quarter net income of $36.2 million compared with $2.5 million a year earlier.
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