Africa-Israel, Bezeq, Delek Group, Gilat: Israeli Equity Preview

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

The TA-25 Index dropped 0.1 percent to 1,332.34 in Tel Aviv.

Africa Israel Properties Ltd. (AFPR IT): The real estate developer said it accepted commitments from institutional investors to buy 120 million shekels ($34 million) of series heh bonds. Africa-Israel declined 0.4 percent to 57.77 shekels.

Bezeq Israeli Telecommunication Corp. (BEZQ IT): The country’s largest communications company was cut to “equal weight” with a share-price estimate of 10.7 shekels at Barclays Capital. Bezeq fell 1.7 percent to 10.7 shekels.

Delek Group Ltd. (DLEKG IT): Delek U.S. Holdings Inc. made repairs to an amine unit at its Tyler, Texas, refinery, according to a filing with the Texas Commission on Environmental Quality. Delek Group dropped 0.7 percent to 918.5 shekels.

Gilat Satellite Networks Ltd. (GILT IT): The developer of satellite network technology said Colombia’s Ministry of Information Technology and Communications extended a contract to provide telephone and data services by one year to the end of 2011. The extended agreements are valued at about $21 million. Gilat rose 0.2 percent to 19.22 shekels.

To contact the reporter on this story: Jonathan Ferziger in Tel Aviv at jferziger@bloomberg.net

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

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