Israeli Stocks: Avner Oil, Babylon, Delek Drilling, Teva, Walla!

Israel’s TA-25 Index rose 1.4 percent, the most since Oct. 27, to 1,126.99 at the 4:30 p.m. close in Tel Aviv.

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

Avner Oil Exploration-LP (AVNRL IT) gained 1.5 percent to 2.203 shekels, the highest since July 26. Delek Drilling-LP (DEDRL IT) advanced 2.5 percent to 12.84 shekels, the highest since May 12. Bank Hapoalim Ltd. started the oil and gas explorers with “outperform” recommendations.

Babylon Ltd. (BBYL) jumped 2.2 percent to 7.625 shekels, the highest since February 2007 when Bloomberg began tracking the shares. The translation software developer will distribute a dividend of 17 million shekels ($4.6 million) on Dec. 6. Babylon plans to pay an extra dividend of 18 million shekels, subject to court approval, it said.

Teva Pharmaceutical Industries Ltd. (TEVA) added 1.8 percent to 154.80 shekels, the highest level since July 31. Credit Suisse Group AG reinstated coverage of the company with an “outperform” recommendation and a $53 share-price estimate.

Walla! Communications Ltd. (WALA IT) fell the most since November 2003, declining 16 percent to 2.903 shekels. The Internet service provider reported a third-quarter loss of 1.9 million shekels after a profit of 2.8 million shekels a year earlier.

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

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.