Africa Israel, Oil Refineries, Ogen: Israel 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 close unless otherwise stated.

The TA-25 Index advanced 2.8 percent to 1,098.18 in Tel Aviv.

Africa Israel Residences Ltd. (AFRE) : The property developer said second-quarter profit rose to 14 million shekels from 12.5 million shekels a year earlier. Africa Israel retreated 1.9 percent to 33.48 shekels.

Dan Vehicle & Transportation Ltd. (DVT IT): The operator of the Avis car rental agency in Israel said second-quarter income fell to 826,000 shekels from 21.3 million shekels a year ago. Dan Vehicle increased 7.7 percent to 23.30 shekels

Ogen Real Estate (OGEN) Ltd: The property company signed an agreement to invest 20 million shekels in a solar energy project. Ogen was unchanged at 10.56 shekels.

Oil Refineries Ltd. (ORL) : The country’s largest refiners said second-quarter net income dropped to $18 million from $32 million a year earlier. Oil Refineries fell 1.8 percent to 2.022 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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