Israel Stocks: Africa Israel Investments, Ampal-American, Koor

Israel’s TA-25 Index declined for the first time in four days, dropping 0.3 percent to 1,127.76 at the 2:45 p.m. close in Tel Aviv. Local markets will shut early through Oct. 18 and will be closed Oct. 19 and Oct. 20 for holidays. Investors traded about 1.67 billion shekels ($462 million) of shares and convertible securities, according to bourse data.

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

Africa-Israel Investments Ltd. (AFIL) gained for a second day, increasing 4 percent to 13 shekels, the highest level since Sept. 5, after the holding company said yesterday two units agreed to sell the Clock Tower Building in New York for $165 million. The shares soared 11 percent yesterday.

Ampal-American Israel (AMPL) Corp surged 13 percent to 1.441 shekels, the biggest increase since March 13. The stock has slumped 82 percent this year, giving the New York City-based company a market value of 81 million shekels ($22 million).

Koor Industries Ltd. (KOR) rose 7 percent to 45.51 shekels, the highest since Aug. 4. The holding company said it would gain as much as 674 million shekels from the sale of Makhteshim-Again Industries Ltd. to China National Chemical Corp. Holding company Discount Investment Corp. (DISI) soared 8.8 percent to 39.20 after it said it would post a fourth- quarter gain of as much as 321 million shekels from the deal.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

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

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.