Alon Holdings, Brimag, ICL, Rami Levi: Israeli Equity Preview
The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after company names and prices are from the last close unless otherwise stated.
The TA-25 Index gained 0.5 percent to 1,296.64 in Tel Aviv.
Alon Holdings Blue Square Israel Ltd. (BSI IT): The operator of supermarkets and specialty stores in Israel reported a fourth-quarter loss of 2 million shekels ($565,493) after a profit of 12.4 million shekels a year earlier. Alon Holdings slipped 0.1 percent to 36.49 shekels.
Bayside Land Corp. (BYSD) : The developer of commercial property expects net proceeds of 428.7 million shekels from the sale of two series of bonds. Bayside increased 0.1 percent to 851.80 shekels.
Brimag Digital Age Ltd. (BRMG) : A unit of the provider of digital appliances withdrew a request to Israel’s Ministry of Communications that sought a license to operate a virtual- mobile-phone network. Brimag fell 0.2 percent to 19.18 shekels when it last traded March 21.
Israel Chemicals Ltd. (ICL) : The developer of chemical and fertilizer products said its Dead Sea Works Ltd. unit received an extension until Dec. 31 to exercise an option to purchase more natural gas from East Mediterranean Gas SAE. Israel Chemicals dropped 0.5 percent to 57.65 shekels.
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. (RMLI) : The operator of supermarkets said fourth-quarter net income rose to 24.2 million shekels from 22.7 million shekels a year earlier. Rami Levi advanced 3 percent to 127.10 shekels.
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