Israeli Stocks: Teva, Discount Investment, Kamor Motors, Ampal

Israel’s TA-25 Index declined to the lowest level in almost two weeks, dropping 1 percent to 1,133.68 at the 4:30 p.m. close in Tel Aviv. The gauge gained 5.2 percent this month, the biggest monthly increase this year. Investors traded about 1.33 billion shekels ($368 million) of shares and convertible securities, according to bourse data.

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

Ampal-American Israel (AMPL) Corp retreated the most since Sept. 12, declining 5.6 percent to 1.813 shekels. “After the rise in the shares this month it appears that some investors are exploiting the current share price to pull back,” Guil Bashan, an analyst at I.B.I.--Israel Brokerage & Investments Ltd. in Tel Aviv said. Ampal, which owns 12.5 percent of East Mediterranean Gas Co. an exporter Egyptian gas to Israel, gained 56 percent this month.

BluePhoenix Solutions Ltd. (BPHX) climbed the most in more than four months, jumping 13 percent to 3.122 shekels. The information-technology company agreed to sell its AppBuilder business to Magic Software Enterprises Ltd. (MGIC) for $17 million. Magic rose 2.9 percent to 18.02 shekels, the highest level since Aug. 4

Discount Investment Corp. (DISI) declined to the lowest since Oct. 16, dropping 3 percent to 38.56 shekels. Billionaire Nochi Dankner’s holding company said the deadline for the negotiations for the sale of Shufersal Ltd. (SAE) , the country’s largest supermarket chain, was extended to Nov. 13. Shufersal retreated 2.4 percent 15.72 shekels.

Kamor Motors Ltd. (KMRS) rose to the highest since Oct. 26, gaining 8.3 percent to 17 shekels. Israel’s Antitrust Authority approved the sale of Kamor, the importer of BMW vehicles to Delek Automotive Systems Ltd. (DLEA) , which imports Mazda automobiles. Delek Automotive was unchanged at 27.95 shekels.

Koor Industries Ltd. (KOR) slumped to the lowest since Oct. 16, sliding 2.1 percent to 44.53 shekels. The company said it will go ahead with the sale of its stake in the HSBC building in New York to Property & Building Corp. (PTBL) even after it received alternative offers for the stake. Property & Building, a real estate company, slipped 0.1 percent to 189.80 shekels.

Medigus Ltd. (MDGS) advanced for the first time in nine days, increasing 1 percent to 0.888 shekel. The maker of endoscopic procedures and devices raised gross proceeds of 9.3 million shekels through the sale of 10,139 units at 918 shekels each. Medigus had sought to sell 9,600 units at 900 shekels each.

Teva Pharmaceutical Industries Ltd. (TEVA) tumbled the most in more than three weeks, falling 1.5 percent to 148.50 shekels. The U.S. Supreme Court left intact a ruling that lets Merck & Co. block the world’s largest generic drugmaker from selling a generic form of the brain-cancer treatment Temodar until 2013.

To contact the reporters on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net; 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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