Africa Industries, Isramco, Avner, Ormat: Israeli Equity Preview

The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses and prices are from the last close.

The benchmark TA-25 Index gained 0.2 percent to 1,293.24.

Africa Israel Industries Ltd. (AFID) : The steel importer is in talks to buy an Israeli iron company for about 80 million shekels ($23 million), the financial daily Calcalist reported, without saying where it got the information. Calls to a company spokeswoman before office hours weren’t answered. Africa Israel was unchanged at 264 shekels.

Avner Oil Exploration LP (AVNRL IT) and Delek Drilling LP (DEDRL IT): Oil Refineries Ltd. (ORL) signed a 27-month, $350 million natural-gas supply contract with the partners in the Yam Tethys project. Avner gained 1.3 percent to 2.198 shekels. Delek Drilling climbed 1.9 percent to 12.43 shekels. Oil Refineries rose 0.9 percent to 2.515 shekels.

British Israel Investments Ltd. (BRTS) : The real-estate company said it accepted early commitments from institutional investors for 481.6 million shekels of Series Gimmel bonds. The pricing was closed at 1,142 shekels per 1,000 principal amount of notes. The shares were unchanged at 13.22 shekels.

Isramco Negev 2 LP (ISRAL IT): The oil and gas exploration company reported a first-quarter loss of 8.1 million shekels after a profit of 18.6 million shekels a year earlier. Isramco advanced 0.5 percent to 0.423 shekel.

Medtechnica (MEDI) Ltd: The marketer of medical and scientific equipment said first-quarter net income fell to 9.8 million shekels from 15.6 million shekels a year earlier. Medtechnica gained 1.6 percent to 24.98 shekels.

Ormat Industries (ORMT) Ltd: The developer, marketer and operator of geothermal power plants reported a first-quarter loss of $3.5 million after a profit of $4.8 million a year ago. Ormat rose 0.1 percent to 22.65 shekels.

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