Israeli Stocks: Delek Group and Israel Corp.
Israel’s TA-25 Index dropped 0.9 percent, the most in a week, to 1,240.30 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.63 billion shekels ($472 million) in shares and convertible securities, according to data posted on the Tel Aviv Stock Exchange website.
The following stocks rose or fell today. Symbols are in parentheses.
Delek Group Ltd. (DLEKG) lost the most since July 11, retreating 1.7 percent to 737.10 shekels. Moody’s Midroog changed the holding company’s bond outlook to “negative” from “stable.” The rating on the bonds was maintained at A1.
Israel Corp. (ILCO IT) slid 2.7 percent to 3,580 shekels, the lowest since June 28. The financial website Calcalist reported shareholder Idan Ofer plans to lend institutional investors shares worth 1.8 percent of the company, or $150 million.
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