Koor, Modiin, Strauss Group, Zerah Oil: 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 was little changed at 1,288.51 in Tel Aviv.

Gazit-Globe Ltd. (GLOB) : Atrium European Real Estate Ltd., the central and eastern European shopping mall developer that the real-estate investment company owns together with Citigroup Inc., said first-quarter profit before tax declined to 26.4 million euros ($37.7 million) from 46.3 million euros. Gazit slipped 0.2 percent to 44.90 shekels.

Koor Industries Ltd. (KOR) : The holding company said first-quarter net income fell to 130.7 million shekels ($37.1 million) from 207.4 million shekels a year earlier. Koor advanced 1.8 percent to 75.34 shekels.

Modiin LP (MDINL IT): The energy exploration company reported a first-quarter loss that widened to $2.5 million from $402,000 a year earlier. Modiin was unchanged at 0.049 shekel.

Strauss Group Ltd. (STRS) : The maker of food products including chocolate, snacks and coffee said first-quarter net income dropped to 55 million shekels from 84 million shekels a year earlier.

Separately, the company started marketing new water products in China with Haier Whole Set Distribution Co. The shares gained 0.4 percent to 52.99 shekels.

Zerah Oil Gas Exploration LP (ZRAHL IT): The energy company said exploratory drilling at its Maya/357 license site was completed and that results analysis is expected to take two to three months. Zerah fell 1.5 percent to 0.064 shekel.

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

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