Teva, El Al, Fibrolan, Tiv Textile: Israeli 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 0.3 percent to 1,323.68 in Tel Aviv.
El Al Israel Airlines Ltd. (ELAL IT): The country’s national airline agreed to buy four 737-900ER aircraft from Boeing Co., with an option to buy two additional planes. El Al advanced 0.8 percent to 1.476 shekels.
Fibrolan Ltd. (FIBR IT): The manufacturer of broadband access systems said its contract with Nokia Siemens Networks Australia has been extended through 2013. Fibrolan was unchanged at 3.349 shekels when it last traded Jan. 31.
Teva Pharmaceutical Industries Ltd. (TEVA IT): The world’s biggest generic-drugmaker reported fourth-quarter profit of $1.25 a share, missing the average estimate of $1.28 a share from 21 analysts surveyed by Bloomberg in the past month. Teva fell 0.6 percent to 200.70 shekels.
Tiv Textile Group 1969 Ltd. (TIVA IT): The maker of towels and bathrobes said it’s again supplying its customers in Egypt after halting deliveries last week because of the political situation there. Tiv Textile rose 5.7 percent to 9.59 shekels when it last traded Feb. 1.
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