Ampal, Alony Hetz, Ituran, Perrigo, Xfone: Israel 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 0.8 percent to 1,288.27 in Tel Aviv.

Alony Hetz Properties & Investments Ltd. (ALHE) : The real estate company said first-quarter net income dropped to 53.1 million shekels ($15.1 million) from 118 million shekels a year earlier. Alony fell 1 percent to 19.58 shekels.

Ampal-American Israel (AMPL) Corp: The owner of a 12.5 percent stake in East Mediterranean Gas Co. said gas deliveries to Israel may resume at the end of May once new security measures have been implemented.

Separately, the company reported first-quarter net income of $17.2 million after a year-earlier loss. Ampal retreated 0.3 percent to 4.024 shekels.

Brainsway Ltd. (BRIN) : The developer of devices for neurological disorders will consolidate its shares on one for four basis on May 23. The stock will begin trading on consolidated basis May 24. Brainsway increased 2.4 percent to 7.794 shekels.

Incredimail Ltd. (MAIL) : The operator of customizable e- mail systems will present at the Noble Financial Capital Markets conference in Florida. Incredimail slipped 0.1 percent to 25.99 shekels.

Ituran Location and Control Ltd. (ITRN) : The maker of products used to locate stolen vehicles is scheduled to report first-quarter earnings. Ituran gained 0.3 percent to 52.58 shekels.

Perrigo Co. (PRGO) : The maker of over-the-counter drugs received final approval from the U.S. Food and Drug Administration for a generic version of the ulcer and gastroesophageal reflux drug Zantac. Perrigo advanced 0.5 percent to 300.80 shekels.

Tower Semiconductor Ltd. (TSEM) : The maker of semiconductor-integrated circuits is scheduled to report first- quarter earnings. Tower rose 0.9 percent to 4.31 shekels

Xfone Inc. (XFN) : The provider of long-distance voice and data services said the first-quarter loss narrowed to $633,614 from $1.1 million a year earlier. Xfone climbed 2 percent to 4.621 shekels.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.