Ampal, Delek Drilling, RadVision, Ratio: Israeli 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 dropped 0.1 percent to 1,248.63 in Tel Aviv.

Ampal-American Israel (AMPL) Corp: The owner of a 12.5 percent stake in East Mediterranean Gas Co. said gas supply to Israel started yesterday after an explosion at a pipeline interrupted flow. Ampal gained 6.9 percent to 3.208 shekels. Oil Refineries Ltd. (ORL) , which has agreements to buy gas from East Mediterranean, rose 0.7 percent to 2.386 shekels.

Delek Drilling-LP (DEDRL IT), Delek Energy Systems Ltd. (DLEN) , Ratio Oil Exploration 1992 LP (RATIL) and Avner Oil Exploration-LP (AVNRL IT): Drilling at the Leviathan 3 gas site was delayed due to sand in a pressure modulator, Globes reported without saying where it obtained the information. Delek Drilling fell 1.6 percent to 11.40 shekels and Delek Energy lost 1.4 percent to 1,258 shekels. Ratio gained 1.2 percent to 0.413 shekel, while Avner retreated 2.5 percent to 2.02 shekels.

RadVision Ltd. (RVSN) : The maker of video-conferencing systems was lowered to “market perform” from “outperform” at Morgan Keegan. The 12-month share-price estimate is $8 a share. RadVision slid 7.7 percent to 24.62 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.