Israel Stocks: Alvarion, Ampal, Delek Real Estate, Tambour

Israel’s TA-25 index rose to its highest level since Oct. 27, advancing 1.3 percent to 1,162.95 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.4 billion shekels ($373 million) of shares and convertible securities amid an options expiry, according to bourse data. Local markets are closed tomorrow and April 26 to mark Memorial Day and Independence Day celebrations.

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

Alvarion Ltd. (ALVR) climbed to the highest level in almost three weeks, gaining 13 percent to 3.215 shekels. The developer of wireless access solutions said a mobile carrier deployed its Wi-Fi base stations for high-speed Internet access in China.

Ampal-American Israel (AMPL) Corp increased the most in three weeks, gaining 7.1 percent to 0.83 shekel. Ampal, owner of 12.5 percent of East Mediterranean Gas Co., rose after Egypt said the halted gas accord is renegotiable.

Cellcom Israel Ltd. (CEL) , the country’s largest mobile- phone provider, advanced 1.5 percent, the most since April 18, to 45.68 shekels. Hallo 015, a new Israeli mobile-phone service provider, dismissed 15 of its 100 employees and failed to pay salaries last month, TheMarker reported today. Partner Communications Co. (PTNR), Israel’s second-largest mobile-phone provider, advanced 1.2 percent to 27.72 shekels.

Delek Automotive Systems Ltd. (DLEA) advanced 1.9 percent, the most since April 2, to 29.80 shekels. The importer of Mazda automobiles said first-quarter net income rose to 182 million shekels from 14 million shekels a year earlier. Delek Group Ltd. (DLEKG) , which has a 32 percent stake in the car importer according to data compiled by Bloomberg, advanced 3 percent, the most since March 27, to 748 shekels.

Delek Real Estate Ltd. (DLKR) fell for a second day, declining 7.1 percent to 0.183 shekel. Controlling shareholder Isaac Tshuva will stop backing the company financially as of May 6, TheMarker reported, without saying how it obtained the information.

Tambour Ltd. (TMBU) surged the most in more than three years, jumping 14.4 percent to 5.493 shekels. Granite Hacarmel Investments Ltd. offered to buy the remaining 16 percent stake it doesn’t already own in the paint manufacturer at 5.25 shekels a share.

Tower Semiconductor Ltd. (TSEM) advanced 6.8 percent, the most since March 22, to 3.59 shekels. The Hindu Business Line in India reported Tower is part of a group including International Business Machines Corp. that may set up a semiconductor plant in India.

To contact the reporters on this story: David Wainer in Tel Aviv at dwainer3@bloomberg.net; 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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