Israeli Stocks: Ampal, Brainsway, Harel, Delek Real Estate

Israel’s TA-25 Index (TA-25) fell for a 10th day, poised for its longest losing streak since July 1996, The measure declined 1.5 percent to 1,002.89 at 2:36 p.m. in Tel Aviv.

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

Ampal-American Israel Corp. (AMPL) headed for the biggest drop since Sept. 8, tumbling 9.8 percent to 1.248 shekels. The Egyptian Oil Ministry reported an explosion on a natural gas pipeline that supplies Israel and Egypt. Ampal owns a stake in a company that exports the gas to Israel.

Brainsway Ltd. (BRIN) advanced the most since Nov. 21, gaining 1.2 percent to 18.94 shekels. The maker of devices to treat neurological disorders said it received CE marketing approval to sell its Deep TMS device in Europe for the treatment of post-traumatic stress disorder.

Delek Real Estate Ltd. (DLKR) fell to its lowest level since Nov. 22, declining 3.5 percent to 0.194 shekels. Bondholders plan a press conference to present an alternative to the company’s proposal for its debt. Delek Group Ltd. (DLEKG) , which holds a 4.99 percent stake in Delek Real Estate, declined 2.9 percent to 643.1 shekels.

Harel Insurance Investments & Financial Services Ltd. (HARL IT) retreated to its lowest level since May 2009, dropping 3.3 percent to 130.30 shekels. The insurer reported a third-quarter loss of 61 million shekels ($16 million) after a profit of 170 million shekels a year earlier.

Industrial Buildings Corp. (IBLD) declined for a 10th day, losing 2.1 percent to 5.13 shekels. The developer and owner of industrial buildings and public works reported a third- quarter loss of 164 million shekels after a profit a year earlier.

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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