Israeli Stocks: AudioCodes, Fundtech, Kamor Motors, Kamor

Israel’s TA-25 Index dropped for a second day this week, declining 0.6 percent to 1,255.04 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.03 billion shekels ($302 million) in shares and convertible securities, according to Tel Aviv Stock Exchange data.

The following stocks rose or fell today. Symbols are in parentheses.

AudioCodes Ltd. (AUDC) increased 1.7 percent to 18.49 shekels, the highest level since July 5. The maker of products for voice-over-packet networks said second-quarter net income almost doubled to $4 million from $2.1 million a year earlier.

Fundtech Ltd. (FNDT) rose the most since June 15, advancing 5.4 percent to 63.65 shekels. The Tel Aviv traded shares of the provider of software to financial institutions are catching up with their Nasdaq-listed counterparts.

Kamor Motors Ltd. (KMRS) surged to the highest on record, soaring 20 percent to 18.48 shekels. Kamor Ltd. (KMOR) agreed to sell its controlling stake in the importer and marketer of BMW vehicles to Delek Automotive Systems Ltd. (DLEA) for 20 shekels a share. Kamor Ltd. fell 0.3 percent to 9.523 shekels. Delek Automotive slipped 1.7 percent to 36.67 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

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