Ampal-American, Leumi, Teva, Hadera Paper: Israel 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 last close unless otherwise stated.

The TA-25 Index jumped 2.4 percent to 1,252.91 in Tel Aviv.

Ampal-American Israel (AMPL) Corp: The flow of Egyptian gas to Israel was halted after an explosion overnight at a pipeline in Sinai. The owner of a 12.5 percent stake in East Mediterranean Gas Co., which supplies the gas, fell 0.4 percent to 3.201 shekels. Oil Refineries Ltd. (ORL) , which has agreements to buy gas from EMG, gained 2.1 to 2.37 shekels.

Bank Leumi Le-Israel Ltd. (LUMI IT): The country’s largest lender by assets said a sale of shares in Israel Corp. (ILCO) “isn’t on the agenda.” Bank Leumi rose 3.4 percent to 16.55 shekels. Israel Corp. advanced 2 percent to 3,775 shekels.

Hadera Paper Ltd. (HAP) : The manufacturer of paper and paper products said it expects net proceeds of 216.2 million shekels ($63.7 million) from a bond sale. Hadera gained 2.6 percent to 241.30 shekels.

Israel Chemicals Ltd. (ICL) : The company that harvests minerals from the Dead Sea to make fertilizer, was raised to “buy” from “neutral” at Goldman Sachs Group Inc. Israel Chemicals increased 0.8 percent to 54.45 shekels.

Teva Pharmaceutical Industries Ltd. (TEVA) : The world’s biggest generic-drug company, may have sold 14 million pounds ($22.5 million) of its generic version of Pfizer Inc.’s anti- cholesterol drug Lipitor last month, although the patent doesn’t expire until next year, the Financial Times reported, citing unidentified industry analysts. Teva gained 2.3 percent to 167.30 shekels.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

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