Israeli Stocks: Bio Light, Elbit, Lapidoth-Heletz, Magic, Ratio

Israel’s TA-25 Index dropped 0.4 percent, the most since Nov. 30, to 1,293.14 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.2 billion shekels ($332 million) in shares and convertible securities.

The following stocks rose or fell today. Symbols are in parentheses.

Bio Light Israeli Life Sciences Investments Ltd. (BOLT IT) gained the most in more than a month, adding 4.9 percent to 0.387 shekel. A Swiss clinic in Lausanne has reported preliminary positive results from using the company’s IOptima unit’s glaucoma treatment based on lasers.

Elbit Imaging Ltd. (EMIT IT) fell the most since Nov. 30, dropping 2.1 percent to 47.22 shekels. The investor in technology companies closed its dairy and medical production facilities in India.

Lapidoth-Heletz LP (LPHL IT) fell to the lowest in more than seven months, retreating 9.4 percent to 0.145 shekel. The oil & gas explorer reported drilling at A-3 Ashdod found only salt water. The company and all its partners are abandoning the site. Ratio Oil Exploration 1992 LP dropped 1.6 percent to 0.506 shekel. Modiin LP decreased 9.3 percent to 0.049 shekel.

Magic Software Enterprises Ltd. (MGIC IT) rose to the highest level since Nov. 30, adding 5.7 percent to 24.49 shekels. The software developer’s shares will be listed on the Tel Aviv MCAP-50 Index as of Dec. 15.

To contact the reporters 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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