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Israel Stocks: Givot Olam, Scailex, Electra Ltd. Are Active

By Shoshanna Solomon -

Israel’s TA-25 Index (TA-25) declined 0.5 percent to 1,115.65, the lowest intraday level since Jan. 25, at 12:37 p.m. in Tel Aviv.

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

Electra Ltd. (ELTR) (ELTR IT) rose as much as 2.9 percent, before trading 0.9 percent higher at 308.30 shekels. The manufacturer of air-conditioning systems said a unit signed an agreement to buy a 25 percent stake in a contender for a government contract in the Negev. The Negev is Israel’s southern desert region.

Givot Olam Oil Exploration LP (GIVOL) rose 7.4 percent to 0.058 shekel, the highest intraday level since Dec. 20. The Ministry of Energy & Water Resources approved the oil and gas explorer’s development plan for the Meged field.

Scailex Corp. (SCIX) rose 2.7 percent to 16.60 shekels, the highest since Jan. 25. The importer and distributor of mobile handsets said Chairman Ilan Ben-Dov bought 12,700 shares in the company, lifting his ownership to 3.63 percent.

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

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