Teva, Financial Levers, Paz Oil, Protalix: Israel Equity Movers
Israel’s TA-25 Index lost less than 0.1 percent to 1,251.14 at the 4:30 p.m. close in Tel Aviv. The following stocks rose or fell today. Symbols are in parentheses.
Africa-Israel Investments Ltd. (AFIL) increased 2.1 percent to 22.16 shekels, its biggest gain since July 7. The holding company’s Africa Israel Properties Ltd. unit said it completed a 840 million-shekel ($244 million) refinancing agreement for an office building in Tel Aviv.
Financial Levers Ltd. (LVR) slumped 8.5 percent to 0.75 shekel, its lowest price in 17 months. The investment company said that the Israel Securities Authority searched its offices on July 13 and confiscated documents.
Paz Oil Co. (PZOL IT) fell 0.9 percent to 570 shekels, the largest retreat since July 11. The maker of petroleum-based products said an International Air Transport Association report published on July 15 didn’t contain information finding the company at fault for contaminated jet fuel that stopped air traffic in Israel in early May.
Protalix BioTherapeutics Ltd. (PLX IT) decreased 2.8 percent to 23.30 shekels, the biggest decline since June 12. Biocell Ltd. (BCEL) slipped 1.6 percent to 29.35 shekels after saying its board decided to keep a 17 percent stake in the investment company.
Teva Pharmaceutical Industries Ltd. (TEVA) slid 2.6 percent to 165 shekels, its largest drop in four weeks. A U.S. district court found the world’s biggest maker of generic drugs infringed Amgen Inc. patents.
The court issued an injunction preventing Teva from selling its Neutroval treatment in the U.S. until Nov. 10, 2013, according to a PR Newswire statement. Teva also agreed not to sell its Neugranin medicine until the same date.
To contact the reporter on this story: Gwen Ackerman in Jerusalem at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com