Africa-Israel, Financial Levers, Teva: 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 gained 0.1 percent to 1,251.4 in Tel Aviv.
Africa-Israel Investments Ltd. (AFIL) : The holding company’s unit AFI Development Plc reached an understanding to buy the City of Moscow’s 25 percent of AFIMALL City and adjacent parking facilities for about $310 million. Africa-Israel was unchanged at 21.70 shekels.
Financial Levers Ltd. (LVR) : The offices of the investment company were raided by the Israel Securities Authority, Calcalist reported, without saying where it got the information. The Securities Authority’s spokesman’s office declined to comment. Financial Levers dropped 2.3 percent to 0.82 shekel.
Ituran Location and Control Ltd. (ITRN) : The maker of systems used to locate stolen vehicles introduced a mobile application that will help Android smart phone users to manage their vehicles and assets directly from their mobile devices. Ituran was unchanged at 48.35 shekels.
Teva Pharmaceutical Industries Ltd. (TEVA) : A U.S. district court granted a permanent injunction relating to human G-CSF that prevents the world’s largest generic drugmaker from selling Neutroval in the U.S. until November 2013. The court found that Teva infringed on Amgen Inc.’s patents relating to human G-CSF. Teva slipped 0.4 percent to 169.40 shekels.
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