Israel Stocks: Azorim-Investment, BioLineRx, Tower Semiconductor

Israel’s TA-25 index declined for the first time in three days, falling 0.1 percent to 1,115.50 at 2:15 p.m. in Tel Aviv.

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

Azorim-Investment Development & Construction Co. (AZRM) soared 18 percent, headed for the biggest gain in more than two years, to 3.728 shekels. The Tel Aviv-based company paid out a rights offer that was funded in part by the controlling shareholder.

BioLineRx Ltd. (BLRX) climbed 3.6 percent to 1.367 shekels, poised for the highest close since Feb. 15. The biopharmaceutical company said pre-clinical test results show that BL-7010, an orally available treatment for celiac disease, reduces the negative effect of gluten on the patient’s body.

Tower Semiconductor Ltd. (TSEM) declined for a fourth day, falling 2.2 percent to 2.96 shekels. The maker of customized chips got binding commitments from Israeli institutional investors for approximately 240 million shekels ($64 million) in an expansion of an existing series of long-term bonds.

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

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