Israel Stocks: Alvarion and Mellanox Technologies Advance

Israel’s TA-25 index advanced for the third time this week, gaining 1.2 percent to 1,156.99 at 1:10 in Tel Aviv.

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

Alvarion Ltd. (ALVR) advanced 6.9 percent, poised for the biggest gain since Jan. 12, to 2.46 shekels. The telecommunications equipment maker said Hezi Lapid will replace Eran Gorev next month as chief executive officer.

Mellanox Technologies Ltd. (MLNX) rose 20 percent to 197.10 shekels, the highest level on record according to data compiled by Bloomberg. The maker of technology used to transfer data quickly said profit more than doubled in the first three months of 2012 from the year-earlier period.

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

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