Israeli Stocks: Africa-Israel, Clal Biotechnology, Elbit, Tower

Israel’s TA-25 Index was little changed, gaining less than 0.1 percent to 1,327.24 at the 4:30 p.m. close in Tel Aviv. The measure climbed 16 percent last year. Investors traded about 1.88 billion shekels ($535 million) in shares and convertible securities.

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

Africa-Israel Investments Ltd. (AFIL IT) increased the most since Nov. 28, adding 4.9 percent to 23.80 shekels. Lev Leviev’s holding company will pay off 1.5 billion shekels of debt after selling some of its assets.

Avner Oil Exploration-LP (AVNRL IT) slid the most since April 2009, retreating 6.8 percent to 2.32 shekels. The oil explorer and its partners Delek Drilling LP (DEDRL IT) and Zerah Oil Gas Exploration LP (ZRAH IT) said Israel decided to let the license to drill at site 321 expire. Delek Drilling declined 7.4 percent to 13.15 shekels. Zerah dropped 7.3 percent to 0.064 shekel.

Can Fite Biopharma Ltd. (CFBI IT) climbed to the highest level since November 2009, gaining 3.2 percent to 0.766 shekel. The biopharmaceutical company received royalties of $500,000 for 2011 from its Japanese partner, Seikagaku Corp.

Clal Biotechnology Industries Ltd. (CBI IT) rose the most since Oct. 24, increasing 4.5 percent to 19.66 shekels. The company’s MediWound and Polyheal Ltd. units completed a collaboration agreement with Teva Pharmaceutical Industries Ltd. (TEVA IT) and received about $6 million. Teva declined 0.7 percent to 184.8 shekels.

Elbit Imaging Ltd. (EMIT IT) climbed to the highest in three weeks, advancing 2 percent to 48.15 shekels. The investor in technology companies and commercial properties completed the sale of three London hotels to Park Plaza Hotels Ltd.

Itamar Medical Ltd. (ITMR IT) gained for a fourth day, adding 2.4 percent to 1.93 shekels. The medical-diagnostic equipment company signed a new agreement with its Japanese distributor for its EndoPAT device.

Mayanot Eden Ltd. (MEYD IT) increased to the highest since April 1, advancing 5 percent to 13.83 shekels. The bottled water company said its unit, Eden Springs (Deutschland) GmbH completed the sale of its operations to Nestle Waters Direct Deutschland GmbH.

Mazor Surgical Robotics Ltd. (MZOR IT) rose to the highest since Nov. 18, gaining 1.7 percent to 9.827 shekels. The maker of medical devices for surgical procedures sold a SpineAssist robotic system to Tubingen University hospital.

Tower Semiconductor Ltd. (TSEM IT) jumped the most in almost two months, climbing 4.2 percent to 5.2 shekels. Israel granted the maker of customized chips 150 million shekels for capital investments. The grants will be made in 2011 and 2012, with a majority of the funds being paid this year.

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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