Israeli Stocks: Harel Insurance Investments, Paz Oil, Scailex

Israel’s TA-25 Index gained for a third time this week, advancing 0.8 percent to 1,115.25 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.16 billion shekels ($321.5 million) of shares and convertible securities today, according to Tel Aviv Stock Exchange data.

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

Harel Insurance Investments & Financial Services Ltd. (HARL) jumped to the highest level since Aug. 8, advancing 2.9 percent to 155 shekels. The country’s third-biggest insurance company by market value said net income surged more than sixfold to 95 million shekels.

Paz Oil Co. (PZOL IT) declined 3 percent to 468.50 shekels, the biggest drop since Aug. 7. The maker of petroleum-based products said second-quarter net income fell 31 percent to 100 million shekels.

Scailex Ltd. (SCIX IT) slid to the lowest since March 2009, falling 3.1 percent to 27.13 shekels. Standard & Poor’s Maalot put the IlA- rating of the provider of telecommunications services on “CreditWatch” with negative implications.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.