Cellcom, Clal, Discount Bank, Mizrahi: Israel Equity Preview

The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after the company names and prices are from the close unless otherwise stated.

The TA-25 Index gained 0.2 percent to 1,284.66 in Tel Aviv.

Cellcom Israel Ltd. (CEL IT): A purported class action lawsuit was filed by two plaintiffs against the mobile-phone provider in the District Court of Central Region following a network malfunction earlier this month, the company said in a statement. Cellcom advanced 0.2 percent to 126.80 shekels.

Clal Industries & Investments Ltd. (CII IT): The investment company plans to spend as much as $80 million to expand a power plant at Nesher Israel Cement Enterprises Ltd., TheMarker reported. Clal added 0.4 percent to 27.49 shekels.

Israel Discount Bank Ltd. (DSCT IT): Israel’s third-largest lender raised 263.8 million shekels ($73 million) by selling shares to the public. Discount increased 1.4 percent to 7.785 shekels.

Mizrahi Tefahot Bank Ltd. (MZTF IT): The share-price estimate of Israel’s fourth-largest bank was raised to 51 shekels at Deutsche Bank AG. Mizrahi rose 1.4 percent to 38.40 shekels.

To contact the reporter on this story: Ronit Goodman in Tel Aviv at rgoodman9@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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